We want to be clear about what happens down the line so that you can make sure that Co-Own for Over 55s is the right product for you.
The Co-Own for Over 55s product is only available to you, our customer. That means that if you are no longer living in the home on a long-term basis the property should be sold. The sale value of the property will be returned to you (or your estate) and Co-Ownership in line with the equity share agreed at the outset.
You also have the option to buy us out. If you choose to you can increase your share at any time, however there is no requirement to do so. Just remember you can’t decrease your share. Buying out for Co-Own for Over 55s is the same as our Co-Own product. For more information click here.