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Leasehold Schemes for the Elderly

What is a leasehold scheme for the Elderly (LSE)?

Leasehold Schemes for the Elderly are purpose-built apartments, specifically designed to meet the needs of older people, and intended to provide the leaseholder with low-cost accommodation and a totally independent life-style. It is recognised that older people, particularly owner-occupiers, sometimes find it difficult to meet the running costs of their existing homes, and to properly maintain both the property and its grounds. With a wide range of integrated features that include benefits like alarm-call support, Leasehold Schemes for the Elderly provide all the comforts and independence of owner-occupation, but with the security and peace-of-mind of knowing that there is always help at hand - if it is required.

Who qualifies?

Leasehold Schemes for the Elderly are intended for those who are 55 years of age or over, and who intend to use the property as their main residence.

How much does it cost?

In addition to the 70% of the current market price, a monthly Service Charge is also payable, to cover external maintenance work, window cleaning, lighting, alarm-call system, and the general upkeep of the property and its grounds. In addition, you would need to pay all the legal costs incurred in the preparation and completion of the Leases, by your own Solicitor, and the Association's Solicitor.

For further Information and current properties available, please contact the Pennaf Leasehold and Sales Team: acting on behalf of Clwyd Alyn Housing Association on 0800 183 5757.

Further information about Leasehold Schemes for the Elderly.

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