Knight Enterprises International Limited in conjunction with our associates in England who specialise in financial and property-related solutions for retired or semi-retired people can now offer several options of financial assistance for your purchase including:

• Mortgages
• Re-mortgage
• Life Interest Plan - Ownership for life
• Equity Release - Where you keep your existing property
• Part Exchange A - Cash sale
• Part Exchange B - Downsizing and keeping a homeland presence (Retirement apartment in your area) and an opportunity to purchase property in Spain with possible cash back
• Flexi-Plan - Part Owned /Part rented

If you are interested to learn more about these options, please ask for fuller details".

Special payment plan

N.B. In certain cases, Kei Homes are able to offer a no quibble part exchange cash offer of up to 90% of the bank value for your property against a purpose built retirement property. Also, to assist you with your initial 15/30% deposit, Kei Homes are willing to offer you an interest only loan where we will actually pay the interest for you for up to two years. Please use your contact page for further details.

It is also always possible a shared purchase / shared equity option scheme could be available with these properties where you could own between 25% and 50% interest. This may be of particular interest to those with a shortfall or those not wishing to tie up too much of their capital or indeed spend 12 months of the year in their property. Again, please use your contact page for further details.

Purchase Options for Your Consideration

1. Freehold. In most cases, where you own the property wholly and make capital gain, and where you can rent the property out for some or all of the time as an investment to like-minded people, thus earning you some income, and where the capital value rises over the years.

2. Life-lease. Which can have its advantages and disadvantages means (a) A lump sum up front for a short lease, which is usually equal to approximately 40% of the freehold value, and could involve paying rent, but which option does obviously reduce your initial outlay. This option means that you never actually own the property, but does mean that the integrity of the development can also never be changed. (b) That in some cases there may be or may not be a return on your capital upon death but in most cases, there is some return on abandonment. (c) In other cases, payment of the full purchase price is paid upon abandonment or death, (normally where the lease is for a 100-year term).

3. Share option. Which means you, together with family, friends or like-minded people, buy shares in the property and use it on a rotary system, thus reducing your initial outlay. The property could also possibly be rented out to like-minded people to help pay for the upkeep etc.

4. Flexi-plan. An affordable alternative to the ‘luxury retirement homes’ built by private developers. Part buy/part rent scheme owned by an independent owner/mutual housing association with the purchaser paying any amount from say 20% to perhaps 50% of the purchase price, where a fixed return is guaranteed on your initial outlay, regardless.

5. Renting Only. Which means no real actual outlay, thus giving you the opportunity to spend your capital as you wish. Convenient, but in some cases can prove expensive over a longer term.