We will be working with Lovell Homes to bring you a selection of 2, 3 and 4 bedroom homes to buy with Shared Ownership.

Bishop Cleeve situated on the edge of the Cotswolds Area of Outstanding National Beauty, and is just outside the market town of Cheltenham.  These shared ownership properties are perfect for families and first-time buyers alike, as the site provides rural calm and strong transport links to Cheltenham, Gloucester, and Oxford.

Bishops Cleeve is one of the larger villages in the area and boasts a range of local amenities right on your doorstep. The site has plenty of green spaces surrounding it, with parks playgrounds and a playing field.

For young and growing families, there is two primary schools in Bishops Cleeve and there is a secondary school for older children.

The first homes on this development are anticipated to be ready Spring 2025.

NEXT STEPS:

Please pre-register your interest for this development, we will contact you as soon as we have any further information.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time you can purchase more shares in your property – this is known as ‘staircasing’. This can be done at any time after initial purchase and it will reduce the amount of rent you pay as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

Am I eligible?

Shared Ownership uses the following criteria to help people to get onto the property ladder:

- Maximum annual household income of £80,000.

- Unable to purchase a home suitable for your needs.

*Please note some images are typical and should be used as a guide only