Gateway offers Shared Ownership Homes for the over 55s that meets the demand for aspirational and well-designed homes for older people in the borough.
In 2012, we carried out research into the demand for housing for older people in Tower Hamlets.We found that many we spoke to wanted to make a planned move in preparation for later life. A pull for them would be well-designed, affordable homes with some outside space. A home that could easily be adapted to meet their needs, with flexible support they could call on when needed. Some wanted to use the equity in their home to buy something more suitable if their home no longer worked for them.
We put this research into action and started to build well-designed, spacious homes at a lower price point. Purchaser paid just 75% of the market value and do not pay rent on the rest.
We are confident that our Older Person's Shared Ownership offer is an aspirational one for local people. To find out more about the shared ownership homes we offer for older people visit www.gatewayliving.org.uk
'Community was the main thing that helped us make the decision to move to Older Persons' Shared Ownership. We didn’t see our neighbours much before but when we moved into William Cubitt Lodge it felt much closer knit. I’d say our social life has really stepped up a few rungs of the ladder since we moved in. The location was also what did it. I’ve lived in East London all my life but would have had to move further out or to a bungalow because it would be too expensive to stay. Older Person’s Shared Ownership was a way of living in a great location that we couldn’t otherwise afford.'
Walter Berwick, OPSO resident
'I am so glad I chose to live here. My flat is beautiful and I am so proud of it. The flat is very safe, very quiet and very easy to maintain. Life is so much easier in a purpose built flat. I can’t tell you how happy I am with my home and owning 75% has freed up some money for a pension that is an added comfort. Being able to reach this age and be so happy in my home, I feel very secure saying I know where I will be for the rest of my life. Thank you Gateway!'
Pamela Williams, OPSO resident