Resales Guide

What are shared ownership resales?

When any existing part buy / part rent home becomes available for resale, you can buy the share from its current owner. The homes vary greatly in terms of age, size and type.

How does it work?

Just like Shared Ownership, homes are available through different housing associations. You can buy the share being offered for sale, at open market value, plus an additional percentage depending on your affordability. You also pay a subsidised rent on the remaining share you don't own. You may need to raise a mortgage to purchase your share. If you have a large deposit or equity from the sale of a property, this can also be used towards purchasing your share.

What homes are available?

We ask all housing associations to list their resale properties on our website. You can search for a home in the area you wish to live here.

What are my options after buying a Shared Ownership Resale property?

You can buy additional shares at a later date until you own 100%*, if you wish to. This is called staircasing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately.

If you wish to sell your property, your share is marketed for sale by your housing association to allow other people in housing need to benefit from low cost home ownership. The property is resold at the market value of the property at the time of resale.

*For some rural area properties, the lease may limit the maximum shares to be purchased to 80%.