Shared Ownership Employment Units
Focus is a new affordable way of enabling business owners to purchase a business unit on a shared ownership basis.
01752 388919
info@pillarlandsecurities.com
Employment Units
On day 1 a percentage of the unit can be purchased by the business owner directly into their pension. The percentage they can purchase will depend on the amount of savings they currently have in their pension.
On the part they own they pay a market rent directly into their own pension (tax free) and on the remaining share they pay rent to the landlord.
The purchase agreement allows the owner to staircase and increase their share as and when they have adequate funds in their pension. Once they staircase to 100% they will own the unit outright and 100% of the asset in their pension.
The Focus product supports growth for rural job creation and allows local businesses the ability to continue to work in the community and create jobs for local people.
How will it assist LAS & NPG?
Helps deliver homes which meet the identified needs of an area in line with older persons housing strategies and planning policies.
Assist LAs, parishes and Neighbourhood Planning Groups to identify where there is a housing need, what the need is and how best to meet it.
Fund homes in rural communities which may otherwise not be delivered
Create churn by freeing up existing homes for younger people. In the case of affordable rented homes, they can free up larger affordable homes for priority needs applicants.