You can sell between 25-100% of the property for a cash lump sum. You will have a fixed monthly rent payment (minimum of £200). The amount received will be based on an affordability check, your age(s) and property value.
You will be granted a Lifetime Lease which allows you to live in the property for the rest of your life, providing you adhere to the terms and conditions of the plan. You will be at risk of losing your home if you do not keep up your monthly rent payments.
This plan comes with the following options are available;