Millstream: Apartment 29 (shared ownership)

At St Monica Trust, we’ve always offered leases with the promise that the Trust will buy back the property from the resident when they leave. In April 2025, we updated our leases further to offer more openness, transparency and guarantees on the repayments that will be made. There are no hidden costs and, as the Trust buys the property back from you, no stress or worry of selling on the open market for you or your family.

Your guaranteed final repayment will be the original purchase price* of the apartment minus a ‘surrender fee’ calculated on the number of years of residency (1% per year or part year of residency up to a maximum of 10%).

We take the worry and uncertainty away of what will happen when you surrender your apartment, giving you and your loved-ones peace of mind.

A surrender fee is payable when the property is returned to the Trust, calculated at 1% of the purchase price for every year or part year of residency, up to a maximum of 10%*. All retirement properties are also subject to a monthly service charge. For details of the monthly service charge, please refer to each property's listing.

* For Equity Participation leases at The Chocolate Quarter, this figure is calculated at 2% per year or part year of residency up to a maximum of 10% on the resale price of the property.