Shared ownership investment

Investing in new shared ownership homes to help meet the demand for affordable homeownership, widen access to the housing market and generate long-term income potential for investors.

Approach

For many people, shared ownership can provide a stepping-stone out of renting and onto the property ladder. There are c.240,000 shared ownership homes across England and around 20,000 new shared ownership homes are delivered annually, making it one of the fastest growing housing tenures. Despite volatility in both the economic and political environment the need for high-quality affordable housing continues to increase.

Government subsidies are available for new shared ownership homes through our wholly owned Registered Providers, which are registered as for-profit providers of social housing.

Our aim is to deliver affordable, high-quality, safe homes, with great customer service and long-term stability of tenure for residents.

We are focused on accelerating the development of socially and economically beneficial affordable housing in the UK. We are a long-term investment partner that works with housing developers to help meet this demand.

Registered Providers

Our Registered Providers of social housing, ReSI Housing Ltd and ReSI Homes Ltd, are focused on shared ownership housing

EPC Ambition

We will target delivering new homes to EPC A where possible, with a minimum of EPC B

Service Charge Integrity

We ensure that service charges are reasonable and are being used as intended to maintain the quality of the properties

Ground Rent-free

We will not charge shared owners ground rents on new homes that we develop

Day One Flexibility

We provide shared owners with the option to sell their home on the open market from day one if they wish

Gresham House and Thriving Investments (“TI”), the UK housing-focused fund manager within the Places for People Group, have launched a partnership for the delivery of shared ownership and affordable homes.

The partnership creates a leading shared ownership fund management platform, providing a dedicated solution for investors seeking exposure to shared ownership and affordable home investment.

Affordability

The part buy-part rent model reduces deposit and income requirements. Shared ownership makes homeownership accessible to an additional 8.2mn people each year who would otherwise be unable to get a foot on the property ladder.

Security of tenure

It allows residents to invest and work towards full ownership without overstretching themselves. Shared owners can also purchase an increased share in their property (known as ‘staircasing’), meaning they save on rent and can own more of their home over time.

Environmental

We deliver homes that are highly energy efficient, both reducing carbon emissions and reducing resident energy bills.

Gresham House’s unique proprietary shared ownership Customer and Environmental Charters support residents and helps to deliver a social impact.

Education
  • Purchases an equity stake in their new home at open market value. This is known as the “first tranche sale” and is a minimum of 10% and up to 75% of the value of the property
  • Pays a subsidised rent c.30% below market rent on the remaining part of the home, which increases annually at CPI+1%
  • Typically finances their initial stake with a 90% mortgage
  • Is responsible for maintenance, repair and insurance, creating strong alignment of interest
  • Has the option to incrementally purchase additional shares in their home at the prevailing open market value (known as “staircasing”)

Gresham House manages two Registered Providers investing in shared ownership.

Team

Board

Baerbel Schuett

Non-Executive Director

Ben Fry

Affordable Housing Fund Director

David Orr, CBE

Non-Executive Chairman

Graham Woolfman

Non-Executive Director

Mark Rogers

Executive Director, ReSI Housing & ReSI Homes

Insights

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Whether you would like to explore our investment strategies, discuss your objectives or learn more about Gresham House, our team is here to help.