The news is out, Shoreline Sibaya has secured a partnership with Lombard Insurance Company Limited. Having listened to many of you, we understand that getting another bond when retired is near impossible, and having your equity tied up in your home now may put you in a predicament where you are unable to invest in Shoreline Sibaya as an off-plan development. This new partnership with Lombard is a first in the retirement property industry and will bridge the gap as we help create a ground-breaking solution for those of you wanting to secure a home in Shoreline Sibaya.
Lombard Insurance Company Limited is a niche, specialised risk insurer. “When Shoreline Sibaya discussed their challenges with us, we were eager to get on board. We were delighted to not only be able to conceptualise a viable option, but to be the first in our industry to offer such a solution for retirees. Our solution bridges this gap in the retirement industry. By providing this solution we are able to facilitate the transaction for Shoreline Sibaya and for their interested buyers who are unable to sell their current home immediately,” explains Sarah Wright, Lombard representative.
Retirement property is in high demand throughout South Africa. As a result, our development has become the fastest selling off-plan retirement opportunity within KwaZulu-Natal to date. It is risky to wait for the development to be completed, as you might not have a viable option and it will cost more.
“This is a first for the retirement industry and we are incredibly thrilled that we can now present this opportunity to help retirees secure their dream retirement home within Shoreline Sibaya. By utilising this service, investors will only have to sell their current home just before transfer of their new home at Shoreline,” explains Alan Beesley, Director, Carmel Properties.
“We want to ensure retirees are able to plan ahead and take the next step into retirement easily. It can be a challenge to free up their money and then have to wait for the development to complete construction. This solution helps bridge that gap and gives them a fair chance to invest in unsurpassed off-plan developments, like Shoreline Sibaya,” continues Beesley.
This partnership will definitely help make the transition into your retirement less stressful.