Your ReSI Home
An affordable private Shared Ownership scheme.
What is Your ReSI Home?
Your ReSI Home is a private Shared Ownership scheme designed to make buying your own home more achievable. With this affordable Shared Ownership option, you can buy shares between 25% and 75% of your home, subject to your affordability.
How does the Your ReSI Home Shared Ownership scheme work?
- You will pay a mortgage on the share that you purchase and a reduced rent to Your ReSI Home for the part you don’t own. The rent is calculated at 2.75% of the remaining share’s value.
- Depending on which mortgage lender you use, your deposit can be as little as 5% of your share value.
- Some buyers may not need a mortgage at all and may be able to purchase their share outright using savings.
- First-time buyers, existing shared owners and former owners who can’t afford to buy on the open market may all be eligible for the Your ReSI Home Shared Ownership scheme.
Who is eligible for the Your ReSI Home Shared Ownership scheme?
You can buy one of our part buy, part rent homes if both of the following apply:
- Your household income is £80,000 a year or less (or £90,000 a year or less in London)
- You cannot afford the full deposit and mortgage payments for a suitable new build home on the open market.
Additional criteria may also apply, such as:
- You’re a first-time buyer
- You used to own a home, but can no longer afford to buy one
- You currently own a home but need to move and can’t afford a new property that meets your needs.
All applicants will be required to complete an affordability assessment to confirm eligibility and meet the landlord’s criteria. Learn more about the scheme and check your eligibility here.
Your ReSI Home FAQs
Your ReSI Home is a Shared Ownership scheme that allows you to buy between 10% and 75% of your new home (local conditions may vary) depending on what you can afford.
Eligibility criteria can vary depending on your chosen new build development and local authority. Visit the Your ReSI Home eligibility page for a full breakdown.
Buying additional shares in your home is known as “staircasing”. You can increase your share in your home at any time following your initial purchase. The cost of purchasing additional shares is based on the value of your home at the time.
For more information, visit the Your ReSI Home Staircasing guide.
Want to find out more?
To find out more about the Your ReSI Home Shared Ownership scheme, please speak to a Gleeson Sales Executive.
Available with Your ReSI Home on selected developments and selected plots only and is subject to eligibility criteria. Your home may be repossessed if you do not keep up with repayments on your mortgage or Shared Ownership lease. Gleeson reserves the right to amend, alter, or withdraw the promotion at any time. 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). Further terms and conditions may apply. Please speak to our Sales Executive for more information.