A Helping Hand
Shared Ownership Extra Care Homes
At Laurus Homes, we’re dedicated to developing high quality homes and living environments for everyone. As part of our inclusive philosophy, we offer shared ownership extra care homes, providing you with a comfortable, stylish and affordable place to live in later life.
In England, the government offers the Older People's Shared Ownership (OPSO) scheme. Working in a similar way to the general Shared Ownership scheme, the OPSO scheme allows you to purchase a share of your home. You can buy between 25% and 75% of your home’s value. You will then be required to pay rent on the remaining share. Once you own 75% of your home, you will not pay rent on the rest.
You can benefit from the OPSO scheme if you’re aged 55 or over, and your household must earn £80,000 or less annually. If you currently own a home, must sell it before you can purchase your Shared Ownership home and affordability criteria applies. In principle, you must not be able to afford to buy an equivalent home outright to be eligible. For extra care schemes buyers would also have to have a care need.
We offer a variety of stunning retirement homes in conjunction with the OPSO scheme, making it easier for you to afford your dream home.
To find out more about the OPSO scheme, you should speak to your local Help to Buy agent or you can get in touch with our team of experts.
Designed with the Community, for the Community. A selection of contemporary 2 bedroom extra care apartments for the over 55's, available for purchase through Shared Ownership with communal lounge and private roof top garden. In addition, all residents have full access to the community services and facilities that Limelight offers, which include; GP Surgeries and pharmacy, health and wellbeing facilities including consulting, treatment rooms and an opticians. Hi-tech library, café, hairdressers and beauty salon and a nursery.