Buying an extra care apartment

 

Eligibility

To be eligible for extra care:

 

• You must be aged 60 or over (The age requirement is scheme dependent). To live in Newman Court, Highwood Mill or Bentley Grange, you must be aged 55 or over. For all other schemes you must be aged 60 or over. 
• If you have a property to sell it must be under offer before your application is progressed
• You are not allowed to own an additional property
• You must not have assets of over £500K once the purchase of the Extra Care property has been taken into consideration
• You must pass both our financial and scheme assessments
• The apartment must be purchased by the person who will live in it
• The property cannot be purchased in Trust

 

*Highwood Mill is the only extra care scheme that doesn’t require a financial assessment or have an asset and property ownership restriction. This is because these properties are not sold through the Older Person’s Shared Equity scheme. Apartments at Highwood Mill are usually sold via local estate agents.

 

How to apply for an extra care apartment

 

Step one – Expression of Interest

You’ll need to download and complete our Expression of Interest form. Once you’ve filled out the form, please send it to sales@wealdliving.com. Alternatively, you can send it to:

 

Weald Living Sales team

Saxon Weald House

38-42  Worthing Road

Horsham

West Sussex

RH12 1DT

 

Step two – Viewing the property

We will invite you to view the property. Once you have viewed the property, please let us know straight away if you would like to progress with your application.

 

Step three – Financial assessment

The first stage of the assessment process is to have a financial assessment. We do this to ensure that the financial requirements of living at the property can be met. 

 

We will require copies of the following documentation:

• Memorandum of sale (if selling a property)
• Certified proof of identity (passport, driving licence or bus pass)
• Certified proof of address (utility bill or annual pension letter from the DWP)
• Proof of all savings/investments
• Itemised bank statements from the past three months
• Proof of identity from your certified power of attorney (if applicable)

 

Step four – Scheme assessment

On successful completion of your financial assessment, you will be invited for a scheme assessment with the on-site scheme manager to review your care needs. 

 

Step five – Formal offer

Following the scheme assessment, and provided that the scheme manager is happy to progress your application, we will send you a formal offer. Once you have completed and returned the formal offer forms and paid the £500 reservation fee, we will instruct our solicitor and send out the memorandum of sale.