What it is?
Owning your home later in life has never been easier. Our individual flats at Mercian Court, Lichfield and Honnington Court,Weoley Castle are exclusively for couples and single people aged 55 or over.
What benefits does it offer?
Both developments provide safe and secure homes for couples or individuals wishing to maintain their independence. The Good Neighbour service provided by the Sheltered Scheme Officer, ensures that appropriate help can be obtained when needed, should any unforeseen emergency or incident occur.
What share will I be purchasing?
This unique government scheme enables you to purchase a 70% share of the property, with the remaining 30% being managed by Mercian Housing Association. You pay no rent on the 30% share but benefit from the discount of 30% off the market value.
What costs do I pay?
All you have to pay is the service charge for communal amenities available at either development. The charge is set according to the services available at each site and is payable monthly.
Can I get a mortgage to purchase this property?
No. All properties under this scheme must be a cash purchase as they cannot be mortgaged under the terms of the lease.
Can I ever purchase the remaining 30%?
The remaining 30% of your property cannot be purchased at a later date; this will always remain in the ownership of Mercian.
What properties are available?
Mercian Court - Lichfield
Mercian Court is situated in a delightful part of the Cathedral City of Lichfield, located within easy walking distance to all major high street shops and amenities. Nearby is Lichfield Station which enables the adventurous to explore the surrounding Midlands. You can gain easy access to public transport in the form of buses, coaches and taxis. Independence is the key word when living at Mercian Court.
Honnington Court - Weoley Castle
Honnington Court is an award winning development located in the south of Birmingham in the historic district of Weoley Castle. Local shops and services are within walking distance including a Health Centre and a modern library. Weoley Castle also acts as the main terminus for many bus routes in the surrounding area. Honnington Court boasts superb facilities coupled with an excellent social scene for those wishing to make new friends or simply wishing to live in a safe friendly environment.
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For further information contact us on 0121 322 7373 and ask for a Leasehold Scheme for the Elderly pack. Or alternatively you can request the information via our web enquiries form.