What is a Life Tenancy Investment?
A Life Tenancy Investment is a property purchase that includes a contract allowing a tenant/s to live in the property until they pass away, enter residential care or permanently vacate.
Can Life Tenancy properties be financed with a mortgage?
It is highly unlikely you can obtain a mortgage for a Life Tenancy Investment.
Who will legally own the property?
With Life Tenancy Investments, the investor will become the legal owner. This will be legally binding and be registered with the Land Registry in the UK. This will all be handled by the appointed solicitor.
What are my liabilities during a Life Tenancy?
Essentially none. We provide a management service which means we provide you with an annual report on occupancy, condition and market value.
What is RICS?
The Royal Institution of Chartered Surveyors is a professional body that accredits professionals within the land, property, construction, and infrastructure sectors worldwide. Each property is supported by independent valuations by certified RICS surveyors ensuring the accuracy.
Are there any hard sales tactics used on the Life Tenants?
Absolutely not. There is a strict process of qualifying the would-be tenants to ensure they and their family members fully understand the legal aspects and implications of the transaction.
Who is responsible for the maintenance of the property?
The Life Tenants are responsible for all upkeep and maintenance of the property.
Can I see the contract before I reserve a property?
Every Life Tenancy agreement has a standard contract. You can view the Draft contract once you have completed our registration process. Original documentation will be sent to your legal representative as part of the conveyancing process.
What risks are involved for an investor?
As with all investments, there are risks involved. However, in the 40+ years this model has been operating, there has never been a situation where the legalities have been challenged. The only uncertainty is the duration of the Life Tenancy.
How do I secure a property?
First, you must register with MacBeale or one of our partner brokers. You will then get access to all the newest properties and be able to reserve them.