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 on selected developments and selected plots only and subject to eligibility criteria. Speak to your Sales Executive for more information on schemes available at your chosen development. 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.