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Highway to Hell

Strange Statements In Schedules Spotted

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Apols if going over old ground, but have just seen some strange statements in schedules (albeit at opposite ends of the country).

First one:

Price reduced for the over 60's under a home for life plan (lifetime lease) subject to property criteria. Call for your personal quote. Sorry we cannot assist those aged under 60.

Alternatively this property can be purchased without a Home For Life Plan for the full asking price of £135,000...


This is the first time I've encountered the "home for life plan", it is explained below, but doesn't exactly seem especially fair, whichever way you look at it.


Second one:

If this property is in Scotland it cannot be bought singularly. You need to buy this property with at least one other property from our bank of 200 properties in order for us to conform with all exemptions regarding home report legislation


If the property is in Scotland?....Errr, it is. Probably just a "copy 'n paste" mistake, but so sloppy.

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Home for life is for the wannabe downsizer brigade. It enables them to move to another house of the same value and bank 25% of the price by giving away 25% equity stake in it. For eample cash price = £135k, you pay £67.5k for the house, £33.75k to the company and spunk £33.75k up the wall without having to lose face moving to a lower value property.

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