Apartments at Gloucester Quays
Michael Tuck Shared Ownership in Gloucester

Shared Ownership in Gloucester

Michael Tuck New Homes offer a wide range of brand new Shared Ownership homes in Gloucester.

You can start by purchasing from just 40% of your new home in Gloucester and then buy more as and when you can afford to. Your home is exclusively yours.

We regularly have new shared ownership properties coming on to the market in Gloucester and the surrounding area. If you would like to join our mailing list please register for property updates today.

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Shared Ownership apartments and houses at Perrybrook, Brockworth, Gloucester

A selection of two bedroom brand new apartments and houses available on a Shared Ownership scheme with prices from just £80,000.

Perrybrook is a brand new development on the eastern edge of Gloucester in the shadow of the Cotswold escarpment just 6 miles from Cheltenham town centre.

FInd out more

 

Sgared ownership properties at Great Oldbury

Shared Ownership at Great Oldbury, Stonehouse, Gloucestershire

Applications are open for a selection of 3 bedroom houses at Great Oldbury, Stonehouse

Great Oldbury is conveniently located close to Stonehouse and just 4 miles from the market town of Stroud. With excellent links to the M5 both north and southbound this development offers everything for young professionals, first time buyers and families.

Shared ownership for sale in Great Oldbury

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Shared Ownership properties at Whittle Gardens, Innsworth, Gloucester

*** ALL SOLD, BUT MORE COMING SOON ***

One bedroom apartments available on a shared ownership basis from £63,000 for a 40% share, and four bedroom houses from £140,000 for a 40% share.

Current availability.

What is Shared Ownership?

If you can’t quite afford the mortgage on 100% of a home then Help to Buy: shared ownership offers you the opportunity to buy a share of your home and pay rent on the remaining share.You can buy between 25% and 75% of the property with the option to buy more shares at a time that’s right for you.

Every month you repay your mortgage on the share you’ve bought, together with a subsidised rent on the remaining share.

Who do you share the property with?

You share the ownership with the Housing Association but have all the rights and responsibilities of the full owner occupier. You pay the Housing Association a discounted monthly fee on the remaining share, which they continue to own.

What are the benefits of Shared Ownership?

You benefit from lower monthly payments than if you bought a home outright but get all the advantages of a brand new home. You can usually buy more shares in your home as soon as you can afford to. The more shares you buy, the lower the monthly fee you pay.

  • Less deposit is required than with an outright purchase.
  • You will only need to secure a mortgage of 25-75% of the purchase price.
  • Monthly costs can be 50% less than buying a property outright.
  • first time buyers with a household income of less than £50k should be eligible for a Part Rent Part Buy scheme.
  • As your income increases, you can choose to buy a greater percentage of the property.

Who is eligible for Shared Ownership?

You could buy a home through Help to Buy: Shared Ownership in Gloucester and the rest of England if:

  • Your household earns £80,000 a year.
  • You must be registered with Help to Buy South.
  • You cannot be an existing home owner or on a mortgage (Your existing property must be sold subject to contract).
  • You need to fit the affordability parameters set by Homes England and must contact an approved independent financial advisor to carry out an initial assessment.
  • You may require a local connection with the development

How do you qualify for Shared Ownership schemes?

If you wish to find out how to apply for Shared Ownership schemes in Gloucester, please do not hesitate to get in touch.

Shared Ownership at Millfields, Cam, Gloucestershire

Shared Ownership Developments

Shared Ownership properties for sale.
St Michaels Square, Gloucester

How do I apply for Shared Ownership?

Contact now

Frequently Asked Questions

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We're always on hand to help.

Our friendly and experienced Shared Ownership team are always on hand to answer any of your questions.