Legal & General launches rental offer at Later Living Communities

Research by the Centre for Ageing Better has shown that 414,000 older people now rent a property, up 63% from 254,000 people in 2007. By 2040, more than a third of over 60s will be living in private rented accommodation, according to the study.

Inspired Villages move into the rental sector is part of its ambitious expansion programme, aiming to deliver 50 later living communities over the next 5-10 years to a wider demographic of the UK’s over 65s. With the launch of this new proposition, Inspired Villages will now deliver a vibrant mix of market sale and Build to Rent later living homes. Rental homes are now available at Inspired Villages in Warwickshire, Cheshire, West Sussex and Exeter.

Rental brings further flexibility and choice by removing the financial burden of buying a house, freeing up wealth currently held in a property to enjoy later life, and offering an attractive alternative for those who require some care, but are not in need of a care home.

With the security of a fixed monthly rental rate that is inclusive of service charges, the Inspired Villages’ rental offer gives residents greater certainty and control over their financial outgoings. Renters will also benefit from all the facilities on offer at each Inspired Village, which include a Clubhouse with a wellness suite, swimming pool, gym, pilates studio, treatment rooms and a hairdresser; along with a restaurant, bar, shop/cafe, library/cinema and a craft room.