Lifetime Lease Property Purchase
Published / Last Updated on 27/03/2018
Lifetime lease is where you buy a property below its market value as you are buying a lease to live in it for the rest of your life but when you die, teh ownership reverts to the freeholder owner. In simple terms, you are paying a lump sum lifetime rent upfront to live in the property. This may help you move/upgrade property or you may simply wish to sell on the same basis (known as a home reversion scheme).
