If you’re dreaming of owning a home in Gloucester but find the costs daunting, Shared Ownership could be the solution. This scheme offers an affordable route to homeownership by allowing buyers to purchase a portion of a property and pay rent on the remaining share.
Emma, a 34-year-old teacher, successfully bought her first home through Shared Ownership. She acquired a 45% share of her property and pays rent on the rest. This approach made homeownership attainable for her despite the high costs associated with buying outright. Emma’s story highlights the potential of Shared Ownership to help individuals and families achieve their dream of owning a home.
Currently, two notable developments in Gloucester offer opportunities for Shared Ownership: Waterfront by Guinness Homes and Great Oldbury by Home Reach. These developments provide a range of family homes available for shared ownership, making it possible for more people to enter the housing market.
For more details, you can read the full article here.
