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To
qualify you may have some savings or own a home that has become too big
and expensive for you to run. You may also have some capital but be unable
to afford sheltered housing at market prices.
With a leasehold scheme you can usually buy a 25%, 50% or 75% share in
the house. If you buy 25% or 50% share you will pay rent as well as the
purchase price. If you buy a 75% share then you pay no rent. When the
property is sold you will receive your share of the new sale price minus
the housing association's costs. You can get details from the regional
Housing Corporation office or from Elderly Accommodation Counsel - see
useful contacts.
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