Shared Ownership for Retirement Properties Explained What is Older Persons Shared Ownership? Shared ownership, a welcome home You might have thought Shared Ownership was simply for first-time buyers. But as part of the government-backed initiative, another part of the scheme is available exclusively to people aged 55 or over. Buying your new home with Platinum Skies couldn’t be easier or more affordable. It’s all thanks to our partnership with Homes England and our government approved Older Persons Shared Ownership scheme. FIND A PROPERTY How does Older Persons Shared Ownership typically work? Pay for half of your new Platinum Skies home And pay a low rent on the other half Enjoy a happy and healthy retirement Of course, it maybe that shared-ownership doesn’t suit your particular circumstances. In which case we also offer the option to purchase a property outright. Whatever you’re looking for – Platinum Skies has a solution to suit you. GET IN TOUCH Shared ownership – What’s the catch? As unlikely as it sounds, there really isn’t one. Along with a small service charge for upkeep and maintenance, the rent can be paid from your pension. The rental charges and fees are regulated by Homes England, the government provider of shared ownership schemes. And maintenance services are delivered on a not-for-profit basis so charges are kept as low as possible. If you’re moving from an old family home, you’ll probably make a saving on Council Tax. Fuel bills are likely to be cheaper too, thanks to the energy-efficient quality of our new homes. FIND OUT MORE How do I apply? There are some general eligibility requirements that anyone wishing to buy a Shared Ownership home must meet. The criteria for purchasing through the ‘older person shared ownership’ (OPSO) scheme are as follows: You must be at least 55 years old Your annual income must be less than £80,000 per household Shared ownership requires that the property you purchase is your only property If you don’t qualify for OPSO, we have our own Platinum Skies shared ownership scheme (PSSO) that enables you to right size your home and free up your equity CONTACT US “It’s great to share!” “Platinum Skies’ part-buy, part-rent concept has meant we’re able to move into a modern, brand new apartment with more space than we thought we could afford and still be mortgage free!” Homeowners at Monterey, Christchurch To learn more about how shared ownership has helped our customers, get in touch today… GET IN TOUCH The key benefits of Shared Ownership with Platinum Skies Together, we’ll be long-term partners with the same shared interests Paying just a fraction of your home’s value makes it truly affordable Peace of mind from the fact that we’re government-backed and regulated Enhance your retirement income immediately and plan for the years ahead Make your money go even further by saving thousands on stamp duty costs Live life to the fullest whilst knowing support is there if you need it FIND YOUR HOME Call Us Now Bring that healthier, wealthier, dream retirement into reality. 01202 805 546 CONTACT US Find your Perfect Property