Initial price	£150,750
06/11/24	£147,500
Price Change	-2.16%

This property, a two-bedroom flat, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan. This plan allows individuals aged 60 or over to secure a Lifetime Lease and a share of the property value, with the cost to purchase the Lifetime Lease always being less than the full market value. The Home for Life Plan can result in significant savings, with customers typically saving between 20% to 50% of the market value. For this property, the Lifetime Lease price is £147,500, based on an average saving of 33%. The market value of the property is £220,000, and the plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future.