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.

Home Reach part buy - part rent scheme helps make homeownership possible. With Home Reach 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 Home Reach 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.