McCarthy & Stone have recently introduced two different part-buy-part-rent options.

Part-buy-part-rent

Here is a comparison of key features:

  Home Reach - lower cost, but tighter qualifying criteria Private Shared Ownership - open to more customers than Home Reach
Qualifying criteria* Household income less than £80,000
Unable to afford to buy a home suitable for their needs
Will not own any other property Can sustain ongoing costs
Can sustain ongoing costs
No cap to household income
Can choose this option even if you can afford to buy outright
Initial share purchased 50%-75% 70%-80%
Initial rent Below market rent Market level rent
Who owns the shares I don't buy? Heylo, a residential property company with a long term investment strategy to provide affordable housing across the UK McCarthy & Stone will become your landlord, and may over time sell its portfolio of properties to trusted property investment companies
Rent reviews Annual based on RPI + 0.5%** Annual, based on RPI**
Can I buy more? Yes, you can increase your share at any time Yes, you can increase your share at any time
Avalible at all developments? No  - specified developments only (Retirement Living only) No  - specified developments only (Retirement Living and Retirement Living PLUS)
Choice of appartments? Restricted to specific apartments only You can choose any available apartment at the qualifying development (aside from Home Reach apartments)
IFA assessment required? Yes – to ensure this option is right for you and affordable in the longer-termMcCarthy & Stone cover the cost up to £500
Can I sublet? No Yes
Smooth Move service Yes, a free specialist removal service, contribution to estate agent fees and access to our recommended solicitors.  Speak to a Sales Executive at your chosen development for more information

*These criteria apply in addition to the standard McCarthy & Stone qualification criteria e.g. ID checks suitability for level of independence required for the given development; **Rent reviews subject to a minimum 0.5%;