These are the three types of ExtraCare Housing available:
Homes for rent
This is where you pay rent and have a tenancy agreement. All homes provided by a Housing Association have rent that is usually regarded as “affordable” and depending on your income you may qualify for housing benefit to help with your rent.
Leasehold
This is where you would buy your home outright.
Shared ownership
If you are not in a position to buy outright, an option is to part buy, part rent your home. This means that you buy some equity in your home, usually 75% and may or may not have to pay rent on the remainder.