What are the arguments in favour for later living rent?
- Post war UK house price inflation has been generous to the baby boomers; many have released equity to support children into home ownership and are willing to re-distribute housing equity to the next generation and cash flow their retirement.
- Divesting equity and a supported decision to move to a later living community at 80 offers an opportunity for lifetime gifts to reduce inheritance tax in return for family members acting as rent guarantors.
- Currently private senior housing is dominated by ‘for sale’ stock, many with exposed ransom exit fees and long re-sale periods.
- Most current schemes are registered providers or local authority “sheltered housing” with limited care provision unable to change their models to meet the discerning Baby Boomers who are used to quality and willing to pay for it.
Rent offers greater flexibility:
- ability to rent or delay the sale of the family home,
- quicker access to services and care,
- Later relocation opportunities without the need to sell.
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Valuation Services provided by The Ringley Group
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Meet our Expert Property Commentators
Mary-Anne Bowring FTPI FRICS FARLA FCABE Founder/Head of Asset Management
Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership
Ian Barber MD BTR Mobilisation & Leasing
Runs HQ & site lease-up teams. Drives rent pricing, mobilisation, marketing, happy residents!
Jon Curtis MRICS Head of Building Engineering
Chartered Building Surveyor. Lectures on EWS1 & building safety. Runs CapEx programmes.
Kate Robinson MTPI MD Blocks/FM Management (London Region)
Master plan setup, ops and staffing and resident engagement. ISO45001 champion.
Lee Harle Partner Ringley Law
Plot conveyancing. Debt litigation. Group Company Secretary.
Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)
Stakeholder engagement. Mixed tenure specialist. Budget management. Plant audit, PPM compliance.
Chris Georgalis MRICS Head of Commercial Valuation
Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews
Nichola Pughe MRICS Head of Residential Valuation
Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist
Natalie Birmingham Helpdesk Support Manager
Trainer & Helpdesk Manager: people, systems,contractors. ISO45001 supply chain accreditation.
Steve Norman Planning Director
Land due diligence (opportunities & constraints) Has contributed to a number of award winning schemes.
What are the arguments in favour for later living rent?
- Post war UK house price inflation has been generous to the baby boomers; many have released equity to support children into home ownership and are willing to re-distribute housing equity to the next generation and cash flow their retirement.
- Divesting equity and a supported decision to move to a later living community at 80 offers an opportunity for lifetime gifts to reduce inheritance tax in return for family members acting as rent guarantors.
- Currently private senior housing is dominated by ‘for sale’ stock, many with exposed ransom exit fees and long re-sale periods.
- Most current schemes are registered providers or local authority “sheltered housing” with limited care provision unable to change their models to meet the discerning Baby Boomers who are used to quality and willing to pay for it.
Rent offers greater flexibility:
- ability to rent or delay the sale of the family home,
- quicker access to services and care,
- Later relocation opportunities without the need to sell.
Valuation Services provided by The Ringley Group
Social
Meet our Expert Property Commentators
Mary-Anne Bowring FTPI FRICS FARLA FCABE Founder/Head of Asset Management
Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership
Ian Barber MD BTR Mobilisation & Leasing
Runs HQ & site lease-up teams. Drives rent pricing, mobilisation, marketing, happy residents!
Jon Curtis MRICS Head of Building Engineering
Chartered Building Surveyor. Lectures on EWS1 & building safety. Runs CapEx programmes.
Kate Robinson MTPI MD Blocks/FM Management (London Region)
Master plan setup, ops and staffing and resident engagement. ISO45001 champion.
Lee Harle Partner Ringley Law
Plot conveyancing. Debt litigation. Group Company Secretary.
Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)
Stakeholder engagement. Mixed tenure specialist. Budget management. Plant audit, PPM compliance.
Chris Georgalis MRICS Head of Commercial Valuation
Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews
Nichola Pughe MRICS Head of Residential Valuation
Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist
Natalie Birmingham Helpdesk Support Manager
Trainer & Helpdesk Manager: people, systems,contractors. ISO45001 supply chain accreditation.
Steve Norman Planning Director
Land due diligence (opportunities & constraints) Has contributed to a number of award winning schemes.
