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Why first time buyers choose us
If you’ve been living with your parents or renting for a while, then you might think that buying a home isn't possible but at Gleeson we build high quality low cost homes with prices starting at just £95,000. On average our customers are spending £81 a week on their mortgage, compared to £132 to rent a similar sized property.
Not only are our homes affordable to buy, but they are affordable to run too, with the average combined gas and electricity bill for a Gleeson home being just £721 a year, which works out at £60 per month. Let’s think about this for a moment… over a 25 year period, you could be saving £12,000 on your utility bills alone.
When buying a home with Gleeson, there are lots of helpful schemes to make homeownership even easier.
Many of our customers use the Government Help to Buy: Equity Loan scheme which is available exclusively to first time buyers on new build homes.
Or you could make use of the Home Reach part buy – part rent scheme where you can buy a share of your chosen new build home and just pay a monthly rent on the part you don’t own.
And let’s not forget to mention our Key Worker Priority Programme or our partnership with Armed Forces Direct if you are in the miltary.
Read more about the Help to Buy: Equity Loan and Home Reach below.
Help to Buy: Equity Loan
Many of our customers use the Government Help to Buy: Equity Loan scheme which is available exclusively to first time buyers on new build homes, and is designed to help you onto the property ladder. This scheme works by the Government providing an equity loan of up to 20% that you can put towards your new build home. This means that you’ll only need a 5% deposit and a 75% mortgage.
The Help to Buy: Equity Loan is not a discount scheme or a price reduction, it’s just an alternative loan meaning your property value is not affected. The loan you’ll get is interest free for the first five years, but don’t forget that you’ll start to pay interest from year six. The total amount that you will pay back is based on the value of your home at that time, rather than the amount you originally borrowed, as like we said buying a new home is an investment and investments make you money.
Whilst there are caps on how much you can be loaned with this scheme, the majority of our homes fall under the spend cap. Our friendly sales team are experts on this scheme and will be able to help you with how you can use it specifically on the house of your choice. Learn more about the Help to Buy: Equity loan here.
Shared Ownership schemes help make homeownership possible. With Home Reach or Your ReSI Home you can buy a share of your chosen new build home and just pay a monthly rent on the part you don’t own.
You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.
Whether you choose to buy a smaller share of a larger home, or a larger share of a smaller home, there is an arrangement that is sure to work for you. Learn more about our Shared Ownership schemes here.
At Gleeson we build homes for local people and we give buyers the opportunity to live in areas they love, close to family and friends. Between 2020 and 2021, 57% of our customers already lived within five miles of their chosen development, demonstrating how we build local homes for local people. With Gleeson you can gain independence, and take that next step towards your future but still enjoy those home comforts that come with knowing your area and the community you grew up in. You don’t need to move miles away from your family home to own your own.
We know that buying your first home is an exciting milestone, and is likely to be one of the biggest steps of your life so far. However, it can be a little daunting stepping onto the property ladder for the first time, especially as the process is completely new. We know this because 86% of our buyers are first time buyers, Which means that we know exactly what the process is.
But you don’t need to worry, we’re here to help you through this process. So start here, in our first time buyer hub. Our hub is designed to break down many of the important things that you need to know. And don’t forget, you can always book in an appointment with one of our Sales Executives, who will be with you every step of the way.
Before purchasing my Gleeson home I was renting a smaller 2 bedroom home in Nottingham. My renta per month was super expensive and I felt my money wasn't being invested well. Using some savings I purchased my Gleeson home and am now so proud to be a homeowner. Plus, I am actually saving over £150 a month in outgoings as my mortgage is so affordable vs my previous rent cost.
We previously lived between both our parents houses and moved between them every other week – it was exhausting! Having been together for five years and both being settled in our careers we really wanted our own space, somewhere we could make our own and call home. So we knew straight away that we wanted to buy rather than rent, as renting didn’t seem like the best way to spend our money. We now own a 3 bedroom detached home that we love.
The affordability was spot on for us! We didn’t think we’d be able to buy a 3 bedroom detached house so big for our first home together, but Gleeson proved us wrong. Our home actually works out cheaper than the rent and bills we were paying for our previous 2 bedroom flat, which is just incredible considering the size difference.
Are you ready to make the move?
We have over 70 developments to choose from, so your dream home is just a click away. Find your dream home here.
Check your budget
This is exactly where you’ll need to start when buying a home. Make your search easier and learn how to check your budget in our guide.
Finding the right home for you
With over 70 developments and 20 house types to choose from, there’s a beautiful Gleeson home out there for you in an area you love.
Arrange your mortgage
A mortgage is key in your home buying journey, so let us guide you on where to start and who to contact.
Find your solicitor
Now that you’ve checked your budget and arranged your mortgage, you’ll need to pick a solicitor.
Reserve your home
Once you’ve found the right home for you, you’ll need to reserve it so that it becomes yours.
Choose your options
There are so many ways that you can put your stamp on your new home from the moment we start to build it for you. Learn more about our options and personalise your home, your way.
Instruct your solicitor
Next up, instruct your solicitor and get the ball rolling with the legal side of your home purchase.
This is the legally binding part of the process, so make sure you’re up to speed on the exchange of contracts and learn more here.
To kickstart the NHBC build mark warranty and to allow for completion, your home will undergo a CML inspection
Our passionate team of Customer Relation Managers will conduct a quality inspection on your home, to make sure that you don’t need to life a finger when you move in.
Legal completion and key release
This is the day you’ve been waiting for, the day we hand over your keys.
We've got all the tips you need to help you move in with as little hassle as possible, allowing you to enjoy your new home.