Is there someone I can speak to about my current financial situation? We would always advise that you seek your own financial advise when looking into making a purchase of this nature. What Anchor can offer though is support through our Be Wise service. Be Wise is in place to provide you with free and impartial advice, support and practical assistance on a range of topics to help you make the most of your money. What if I run out of money? We would always go through a financial suitability check to ensure that this purchase is the right one for you to begin with. If your circumstances change then you may become eligible for certain benefits which could cover the cost of rent/ service charge. Our Be Wise team are available to existing residents and would be happy to discuss your change in circumstances.
Example of how much it would cost you
Property market value Equity share purchased 50% Payment at initial sale Monthly rental payment £458
£400,000
£200,000
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