Buy or rent: an expert interview| McCarthy Stone

Should I buy or rent? Our expert explains the flexible options

We offer a number of flexible ways to move in and enjoy our McCarthy Stone lifestyle. To learn more about what they are and the benefits, we spoke to our Director of Multi-Tenure, Alison Nunez.

What are the different ways to move into a McCarthy Stone property?

At McCarthy Stone, you can buy, rent or part buy, part rent your retirement property. This means you don’t have to buy a new home to enjoy life in our communities. In fact, you may decide that the flexibility of renting or part renting
and part buying suits you better – and allows you to move in sooner.

Buying and renting are self-explanatory, but what is part buy, part rent?

You buy a 50% share (or more) in a brand new McCarthy Stone retirement property and pay rent on the remainder. It can make moving in more affordable and for some it may be the first step in buying the property outright. It may sound complicated but we will go through all the details with you so you can make an informed decision on whether this is the right choice for you.

Why are these good choices for retirement living?

Flexibility is the key feature, but each option has its own unique benefits. For example, the Assured Shorthold Tenancy we offer with our rental options provides peace of mind, while our rent to buy option means residents can move in and see if the lifestyle suits them before they make the commitment to buy. Our part buy, part rent option makes owning a retirement apartment more accessible and affordable for some people.

Why are there all these options?

We pride ourselves on working closely with our customers and developing products based on their feedback – that’s one of the reasons we are consistently awarded five-stars for customer satisfaction. Feedback tells us retirement is changing and people want more flexibility. Renting, for instance, frees up your finances and puts you in control. Renting also allows some people to keep their existing home while enjoying everything McCarthy Stone has to offer – that has proved very popular!

Why is renting so popular?

Renters tell us that they love the security from the Assured Shorthold Tenancy Agreement and the convenience of making one single monthly rental payment (which also includes service charge and parking where applicable). Plus, they save on the expenses associated with buying a property, including Stamp Duty. And they have access to our Smooth Move service to ensure moving in as hassle-free as possible. From removals to a helping hand in getting to know your neighbours, we’re here to support you however you need.

What are the benefits of retirement rentals at McCarthy Stone?

Renting with us allows you to enjoy the McCarthy Stone lifestyle on your terms. There’s no chain to worry about, or pressure to sell your current home. Plus, there are no long-term ties or commitments and with one monthly payment it’s easier to keep track of your finances. The monthly rental payment includes the developments’ service charge and property maintenance.

Can you rent retirement properties at all McCarthy Stone developments?

Retirement rentals are available at most of our developments across the UK, but there are exceptions. Our friendly sales team will let you know the options in your area - you can call them on 0800 201 4811.

Or you can view our retirement developments. Put your postcode in the search box, to see the developments closest to you. If you are searching specifically for retirement rentals, filter your search results to see rental options.

How can I find out more?

Visiting one of our developments is the best way to find out if it is right for you. Our dedicated team can discuss each option with you, show you around and introduce you to some of the community. We can also put you in touch with our homeowner advocates. These are people who have volunteered to talk to people about their experiences with McCarthy Stone and answer your questions.