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Costs and Ownership

Costs and Ownership at Bernborough Ascot

Knowing how things work is such an important part of making big decisions. Bernborough Ascot is a leasehold village – meaning that you don’t need to pay stamp duty, your interests are protected in full by the Retirement Villages Act (RVA) and you maintain the freedom and flexibility of being able to sell your home at any time. As with any property, there are ingoing, ongoing and outgoing costs involved.

For a full explanation of the ingoing, ongoing and outgoing costs, please review our Cost & Ownership flyer by clicking on the button below or call us and speak to our experienced retirement living team on 1800 550 550

 

Download Cost & Ownership Flyer

 

Contract options available at Bernborough Ascot

We know that not everyone wants the same things, which is why we offer three different ways to buy your home at Bernborough Ascot.

Choose the contract and price that works with your circumstances, so you can enjoy total peace of mind.

 

DEFERRED MANAGEMENT FEE | A Deferred Management Fee (DMF) contract is a great choice for those looking to make the most out of their retirement now. By deferring part of the costs of your home until after you re-sell, you can buy in at a more affordable price and keep some cash in the bank to continue enjoying the things you love.

PREPAID PLAN | The Prepaid Plan is ideal for those who like to get everything settled in advance. You’ll pay for the price of your property as well as an upfront management fee. This means you can relax knowing this cost has been taken care of already. When it comes to leaving the village, Lendlease can help you sell your home at the market rate, and any capital gains from your home will be yours.

REFUNDABLE CONTRIBUTION | Choosing to pay for your home via a Refundable Contribution gives you the security of knowing your money is guaranteed by paying more in a refundable upfront contribution, with no additional management fee at exit. There are no selling costs or pressures, no legal fees and no reinstatement costs to worry about.