Shared Ownership
If you’re searching for a more affordable way to your first or next home, our Shared Ownership homes could help you make the move that’s right for you.
What is Shared Ownership?
Shared Ownership is a government scheme designed to make homeownership more accessible. It allows you to buy a share in a new home and pay rent on the portion you don’t own. Whether you are a first-time buyer or an existing homeowner looking for your next move, Shared Ownership makes the process more accessible.
Over time, Shared Ownership allows you to buy more shares in your home at a pace that suits you through a process known as staircasing. If you choose to purchase all shares in your home over time, you’ll own the home outright.
With our Shared Ownership schemes, Home Reach and Home Reach Flex (in partnership with Heylo) and Your ReSI Home, you can buy an initial share of your Gleeson home (usually up to 75%) and pay a subsidized monthly rent on the remaining share. Your budget determines the size of the share you buy, giving you flexibility and affordability from the start.
What are the benefits of Shared Ownership?
Choosing Shared Ownership offers several benefits compared to private renting:
- Build equity: With Shared Ownership, you’re investing in your future. Each monthly payment helps you build equity in your home, unlike renting, where 100% of the money you pay goes straight to a landlord.
- Increase your shares over time: You can increase your share through a process called “staircasing,” eventually owning it outright if you choose. Private renting doesn’t offer this kind of long-term potential.
- Freedom to personalise: Unlike most rental agreements, our Shared Ownership schemes give you the freedom to make your home truly yours. From decorating and renovating to welcoming pets, without the usual restrictions. It’s your space, your style, your lifestyle.
Shared Ownership schemes available:
Home Reach and Home Reach Flex (in partnership with Heylo)
We’re proud to be working in collaboration with Heylo to offer their Home Reach and Home Reach Flex home buying schemes, available on selected developments only.
Find out more about Home Reach
Find out more about Home Reach Flex
Your ReSI Home
Your ReSI Home is a private Shared Ownership scheme where you can buy between 25% and 75% of your home, depending on your affordability.
Find out more about Your ReSI Home
Kaity and Keelan's Shared Ownership story
Want to find out more?
To find out more about Shared Ownership or to find Shared Ownership properties near you, please speak to a Gleeson Sales Executive.
Available with Heylo Home Reach on selected developments and selected plots only and is subject to eligibility criteria. You must purchase a minimum share of 50% and not more than 65% of your chosen property to qualify and you must have a cash deposit equivalent to a minimum of 5% of the share being purchased. Rent on the unpurchased property value can be subject to an increase of either RPI + 0.5% or CPI plus 1.0% each year. For confirmation of which formula applies to the home you are purchasing, please refer to your lease information. Your home may be repossessed if you do not keep up with repayments on your mortgage or Shared Ownership lease. The property will remain leasehold until the buyer acquires the full 100% equity in the property, at which point the property will become freehold and the Shared Ownership lease will no longer be applicable. Gleeson reserves the right to amend, alter, or withdraw the promotion at any time. This scheme cannot be used in conjunction with any other Gleeson offer or incentive unless specifically authorised by Gleeson in its absolute discretion (and subject to lender approval, which may include a minimum buyer contribution). Please speak to our Sales Executive for more information.