Retirement Housing

Latest News April 2008 - Shared Ownership replaces Value Linked Mortgage Scheme

The Pensions Board has launched Shared Ownership, a new housing scheme for retiring Church of England clergy.

Modelled on similar schemes available within the housing sector, Shared Ownership allows retiring clergy with capital to purchase a share in a property for their retirement. Subject to affordability criteria, the Pensions Board will invest up to £150,000 in a property in return for the payment of a monthly rent and a service charge.

Shared Ownership replaces the Pension Board’s Value Linked Mortgages, which are closing to new borrowers due to changes in tax rules (which regard mortgage interest rates that are lower than the ‘official’ HMRC rate as a taxable benefit to borrowers).

Introduced on 6th April 2008, Shared Ownership offers a number of advantages over Value Linked Mortgages: there is no tax liability; and the Pensions Board undertakes the day-to-day ‘management’ of the property, organising all repairs, maintenance and periodic improvements. There are no nasty shocks for occupants as all costs are smoothed out via the rent and service charge arrangements.

Shared Ownership will be offered as part of the Pension Board’s CHARM (Church’s Housing Assistance for the Retired Ministers) scheme, alongside properties for occupation under licence (rented accommodation). The Board also offers accommodation in seven Supported Housing schemes across the UK.

More information on Shared Ownership is available as downloads from this page; click on Key Features of the Shared Ownership Scheme and Booklet on Shared Ownership for Scheme Applications.

Or contact: 

Loraine Miller, 020 7898 1852, loraine.miller@c-of-e.org.uk

Mark Gourley, 020 7898 1830, mark.gourley@c-of-e.org.uk

Church's Housing Assistance for the Retired Ministry (CHARM)

The Church's Housing Assistance for the Retired Ministry (CHARM) came into operation in 1983.  The Board, with funding from the Church Commissioners, is able to assist beneficiaries with retirement accommodation via the Shared Ownership scheme, with properties for occupation under licence (rented accommodation), or in Supported Housing Complexes (formerly referred to as Residential Homes).

"Rented" Scheme

If you are approaching retirement age and are considering your future plans for your retirement home, the Board’s staff would be pleased to offer you some guidance.  You can download an “Initial Application Form” by clicking here. Please return the form, duly signed, to the Housing Department.

Supported Housing

With accommodation specifically designed for the needs of elderly people, the Board has provided a number of modern, purpose designed Supported Housing complexes around the country for its beneficiaries, which are built to the highest standards. Accommodation is in the form of self contained flats within a caring Christian community, which enables residents to live an independent life but still have the comfort, support and security of having fully trained staff on hand if needed, together with the companionship of others.

To download and print off an application form click here.

For further information on each Supported Housing Complex click the appropriate link below.

Ramsay Hall, Worthing, Sussex

Stuart Court, Kibworth Beauchamp, Leicestershire

Gracey Court, Broadclyst, Devon

Dulverton Hall, Scarborough, North Yorkshire

Fosbrooke House, Lytham, Lancashire

Capel Court, Cheltenham, Gloucestershire

Manormead, Hindhead, Surrey

Care Home with Nursing

For those beneficiaries who require nursing care, the Board administers a care home with full nursing which is able to accommodate 35 patients mostly in their own rooms but with a number of shared rooms for married couples. 

For further information on Manormead Care Home, in Hindhead, Surrey click here

always happy to advise beneficiaries and if, after reading the Housing Booklet, you have any specific questions applicable to your own circumstances, please telephone the office:

Main Switchboard 020 7898 1800  Main Fax 020 7898 1801

Housing Department Fax 020 7898 1857

Housing Enquiries email: housing@cepb.c-of-e.org.uk

Other publications available in connection with retirement housing

Relating to Shared Ownership:

Personal Information Form

Relating to "rented" properties:

Property Purchase notes

Maintenance Policy notes

Relating to Supported Housing:

Terms of Admission

Fees

Application Form

Names of Managers and addresses of Supported Housing Complexes

LINKS

Retirement Housing Home Page

Supported Housing Complexes:

Capel Court    Dulverton Hall    Fosbrooke House    Gracey Court    Manormead    Ramsay Hall       Stuart Court

Care Home with Nursing:

Manormead Care Home