What is it?
If you’re trying to understand how Shared Ownership works, our quick-fire guide is here to help. Our shared ownership homes in Manchester or Cheshire give you the same rights as a regular homeowner, but instead of a full mortgage and high deposit, you part rent, part buy.
How do I buy?
So you want to buy a home in Manchester or Cheshire and you’re thinking about applying for Shared Ownership. But before you apply, you want to understand how the Shared Ownership buying process works, right? Shared Ownership is a great way of buying a home.
What are my responsibilities?
Your home, your responsibility: discover what you need to maintain as a homeowner, from internal fixtures to the exterior structure. We’ll guide you through your obligations so it’s really clear what we take care of and what’s over to you
Can I buy more shares?
If you have a shared ownership home with Gecko, we’ll do everything we can to support you in staircasing towards full ownership. Whether you can buy more shares or not depends on your financial circumstances. Your “buy more shares” report will tell you how much it will cost to buy more of your home.
Can I sell my home?
If you have a shared ownership home with Gecko, we’ll do everything we can to support you in staircasing towards full ownership. Whether you can buy more shares or not depends on your financial circumstances. Your “buy more shares” report will tell you how much it will cost to buy more of your home.
The new model lease.
Under the new Shared Ownership model, for the first 10 years after you sign your lease, we'll handle essential repairs your home needs without any cost to you (up to £500). This way, you can enjoy your new home without the stress of unexpected repair bills.
What are service charges for?
We believe in being transparent about the costs of homeownership. If your home has a service charge or estate charge, we'll explain what it covers, why it's needed and how it helps maintain your building or community. You'll find all the details in your Key Information Documents and price list before you reserve your new home.
