Moving to an Audley Village
At Audley Villages, like-minded people over the age of 55 (or around about then) choose to move from their rented or privately-owned home to an Audley retirement property to free up equity, declutter or move closer to family and friends.
At Audley, your property and gardens are maintained for you; we mow the grass and wash your windows. Plus, there is a restaurant, library, health club with swimming pool, gym, spa and treatment rooms right on your doorstep, and Audley Care is on hand should you need it.
What happens when I resell a retirement property?
When you come to sell your home, we will provide comprehensive sales support for a fee equivalent to 1% of the eventual sale price. This fee, which is known as the Sales Administration Fee, covers the cost of ensuring that the proposed buyer meets the qualifying person criteria set out in your lease. It also covers the cost of providing an extensive range of services in relation to the sales process, from advertising the development in the local media and maintaining a database of potential buyers, to conducting viewings and dealing with pre-sales enquiries and formally consenting.
In addition you have the option of appointing us to actively market your property for sale. Whether you instruct us to do so is entirely at your discretion. If you do instruct us to do this, we will charge an additional Sales Agency fee of 2% of the sale price achieved.
Frequently asked questions
What happens when mum or dad passes away and I need to sell their property?
You have the option of appointing us to actively market your property for sale. Whether you instruct us to do so is entirely at your discretion. If you do instruct us to do this, we will charge an additional Sales Agency fee of 2% of the sale price achieved.
Can I buy a retirement property to rent out?
Some leases allow the property to be rented out on the condition that the occupier meets the Qualifying Person criteria for the village. Consent from the village management is required and the monthly management fee continues to be payable. Additional fees will also apply, please ask the sales team for more details. Ask a question
Can I rent a property at an Audley village?
Not currently. At Audley, you own your own home and are free to sell at any time on the open market. If you wish to buy an Audley property but need a little longer to sell your existing home, the village may be able to offer a short term rent to buy option to enable you to move in sooner. This is subject to the lease term, property chosen and eligibility criteria. Ask a question or view more information about purchase options
Can I get a mortgage on a retirement property?
The simple answer is yes. At Audley, we understand that everyone’s circumstances are different, but that shouldn’t mean that not everyone can move to an Audley village. Although many of the mainstream banks and building societies do not offer retirement mortgages or lending into retirement, there are specialist mortgage lenders that do. One option from such specialist lenders is a retirement interest-only mortgage (RIO) that can be offered to people over 55 or 60. You can buy a retirement property by securing the loan against your home and only pay the interest each month.
If you are interested in borrowing money into retirement to move to an Audley village, we will be happy to introduce you to a specialist mortgage partner or you can, of course, source your own.