Homes for Sale

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Homes for Sale

CLICK HERE TO DOWNLOAD OUR RESALES PROPERTY BULLETIN

Anyone wishing to apply for any of the HomeBuy products should register with the HomeBuy Agent on their web page at: www.southwesthomes.org.uk or contact us for more information on 01452 549779.

New Build HomeBuy

New Build HomeBuy is a shared ownership scheme – you pay a mortgage on the part you own plus rent on the part you don’t own.

In New Build HomeBuy, people purchase their home as a leasehold property on shared ownership terms. The rent that you pay on the share that you don’t own is designed to be affordable.

How the scheme works

You can purchase between 25 and 75 per cent of your home at the outset. When you can afford it, you are able to buy additional shares until you own 100 per cent of your home. This process is known as ‘staircasing’.

When you want to sell the property you can sell the share you own to another household nominated by your landlord or you can staircase to 100 per cent and sell it on the open market. Your landlord also has the right to buy the property back from you in order to offer it to other households who are eligible for low-cost home ownership. Once you have informed your landlord of your decision to sell, they have a fixed period of time in which they have to tell you whether or not they want to buy the property.

When you sell your home, the property is sold at market value and you will benefit from any increase in value that has built up on the share that you own.

Eligibility criteria

New Build HomeBuy is available to existing social housing tenants, people on local authority waiting lists, key workers and those who have a priority need for housing. The scheme is also open to first-time buyers who have a combined household income of up to £60,000. You need to be able to take out a mortgage to pay for the share that you want to purchase.

At Gloucestershire Housing Association we deal with properties ranging from 1 bedroom apartments to 3 & 4 bedroom houses, located all over Gloucestershire (and beyond!).

For a more detailed overview, please download our "Questions & Answers" or the New Build HomeBuy Leaflet from the Homes & Communities Agency

Other information...

Resales

At Gloucestershire Housing Association, we also have properties which become available to buy when the current shared owners wish to move and therefore need to sell their share of the property. This is called a resale. For more information on resales please click here.

Staircasing

If you're a shared owner you can usually buy further shares in your home which could eventually lead to outright ownership. This is called ‘staircasing’, for further information on staircasing click here.

Re-mortgaging

If you are a current Shared Owner and want details on our requirements for re-mortgaging or transferring ownership for further information on re-mortgaging please click here.

For an application form and more information on the properties available, please CONTACT US

To find out more please contact the Marketing & Sales Team on

01452 549779

OR

Email us: sales@glosha.co.uk

Download our Slide Show...

Click the image above to download our New Build HomeBuy slide show.

We can offer a little extra help...

The New Build HomeBuy scheme offers affordable home ownership to those who couldn't otherwise afford the home they need on the open market.

It means that you can save over 30%* each month on your housing costs compared to buying the same property on the open market!

Call us to find out more on 01452 549 779 or email sales@glosha.co.uk

*based on a property price of £150,000.

Affordable New Homes For Sale

Call the Marketing & Sales Team on 01452 549779 to find out more about our currently available properties.

Or email...
sales@glosha.co.uk