If you live in a leasehold home it means that you have a legal agreement with Raven which tells you how many years you’ll own your home.
Most of our residential leases were granted for 125 years, although there are a few that are shorter. It’s mostly flats that are leasehold but houses can also be leasehold, usually if they’re bought through a shared ownership scheme.
When you buy a home through a shared ownership scheme you purchase a share of the property and pay rent on the rest.
The share you initially buy is usually between 25% and 75% but you can increase this in time. With some homes you can start with buying just a 10% share.
You can buy a home through shared ownership if your household earns £80,000 a year or less – £90,000 a year or less in London – and you cannot otherwise afford all of the deposit and mortgage payments for a home that meets your needs.
To register your interest in shared ownership, you need to register on the Help to Buy website first.
Retirement schemes are usually aimed at people aged 60 or above, although this is subject to state pension changes. These schemes can offer a range of support, from simple alarm systems to onsite wardens, and enable people to live independently in a smaller, easier to manage home, often with communal areas such as gardens.
You can raise a homeownership enquiry through the MyRaven customer portal.