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Notting Hill Housing run a scheme called Home Ownership for Older People (HOOP). We have three sheltered homes in the borough of Ealing, consisting of one and two bedroom flats and bungalows. HOOP is for people who are over 60 and want the reassurance of a sheltered home whilst remaining independent.
This is a shared ownership scheme that gives you the opportunity to own a sheltered home without having to buy outright. You can own shares between 25% and 75% and pay rent on the remaining share, rent decreases to £0.00 when you own 75% (Please note you are not able to own the home outright). Applicants need to have access to a minimum of £50,000 either in savings or sale proceeds. For most of the homes that become available you will need around £140,000 in savings or sales proceeds.
If you are interested in Home Ownership for Older People (HOOP) or would like more information please call 020 8357 4444 and quote “HOOP”.
Please remember that you need to have access to a minimum of £50,000 and be over 60 years old to join the HOOP waiting list. |