Housing for elderly

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    Housing for elderly

    Hello

    About the for sales houses offered to >60 years old, are they offered usually on a lifetime lease which means after death there is no inheritance?

    I assume there can be various schemes/policies but what is the norm?

    If they can be inherited, will then people <60 years old be able to live there?

    Thanks!

    #2
    Age discrimination over property is legal (but still discrimination). They can inherit but not live there.
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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      #3
      You can usually inherit but you can't live there, so you're either selling or waiting.
      That's based on two such local establishments - it's possible that they're not the norm.
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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        #4
        There will be conditions in the lease for these types of properties (based on the age of the occupier). If you breach these conditions then you may forfeit the property.

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          #5
          might you be able to rent the property you inherit to a tenant over 60?

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            #6
            Wasent there a recent article in a newspaper recently where a lady who was in one of these retirement villages was due to go to a home, she had been there for quite a long time and wanted to sell it (her lease) and had over £100,000 equity and the leaseholder of the retirement village virtually wanted all the equity.

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              #7
              My Brother-in-law inherited a retirement flat for 60+ year olds and I have helped him successfully rent it out.

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                #8
                I m currently selling my mother s flat. The lease says it can t be let and can only be lived in by over 55 s. I presume younger people can own it but people that live in it have to be over 55.

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