Many people are familiar with the concept of shared ownership for first time buyers. But it’s not just for people wanting to get onto the first rung of the property ladder. The older person’s shared ownership scheme (must qualify based on eligibility requirements) or our Platinum Skies shared ownership scheme (PSSO) is designed to make buying a property more affordable and to help you make the most of your capital and assets in later life. You buy a share of the property and pay a reduced rent on the rest. This means that the purchase price will be lower than it would be if you were buying the property outright.

It allows you to free up equity from your old home to use in later life, providing a lump sum to give you financial security, and confidence that you have the funds you need to enjoy your retirement. Shared ownership schemes can also offer more financial security than renting. You have a stable home, and you're investing in an asset that could increase in value over time. Shared ownership also allows you to buy further shares in your home whenever you can afford to, this process is known as 'staircasing'.

Platinum Skies has a range of over 55s shared ownership properties for sale
Platinum Skies takes pride in developing high-quality homes that are designed to be comfortable, safe and consider your needs, both now and in the future. We offer a range of retirement properties from apartments to houses in various locations across the south of England meaning you have plenty of choice when it comes to finding your ideal home.
Platinum Skies also provide a range of support services for our residents. This includes a Community Manager to organise social events and activities, giving you the chance to meet your neighbours and become part of a close-knit community.
Shared ownership with Platinum Skies ensures that maintenance and repairs are taken care of by us. The communal areas and apartment buildings are maintained by us, so when the gutters need clearing or the leaves need sweeping, you won't need to worry about finding tradespeople or dealing with repairs yourself, which can be a significant weight off your mind.
How older people’s shared ownership can work for you
If you're over 55, shared ownership can provide the perfect balance between independence and support. Our communities have facilities and amenities to enable homeowners to socialise together, whether that’s landscaped communal gardens, an activity suite, our popular homeowners’ lounges and on-site bistros.
By using a shared ownership scheme on retirement properties, like the one offered by Platinum Skies, you could own a share of a high-quality home that's within your budget and comes with a range of additional benefits.