Shared Ownership Resales

Sheridan House

REF: RS260919

  • Leigh-On-Sea, Essex
  • 1-bedroom apartment
  • £101,250 45% share
Chain Free

Appletree Close

REF: RS259654

  • Frogmore, Devon
  • 2-bedroom house
  • £184,000 80% share

Burrows Close

REF: RS255293

  • Gloucester
  • 1-bedroom apartment
  • £48,000 30% share

Reeve Close

REF: RS255402

  • Leighton Buzzard, Bedfordshire
  • 2-bedroom apartment
  • £97,500 50% share

Park House

REF: RS254032

  • Southend on Sea, Essex
  • 2-bedroom apartment
  • £126,000 45% share
New Listing

Newson House

REF: RS253507

  • Brixton, London
  • 2-bedroom apartment
  • £226,000 40% share

The Bridgehouse

REF: RS248955

  • Gosport, Hampshire
  • 2-bedroom apartment
  • £78,000 40% share

Lightford House

REF: RS247741

  • Loughborough Park London, SW9
  • 1-bedroom apartment
  • £176,250 50% share

Cromdale Walk

REF: RS246786

  • Stevenage, Hertfordshire
  • 1-bedroom apartment
  • £131,250 75% share

Irthlingborough Road

REF: RS248290

  • Irthlingborough Road, Wellingborough Northants, NN8 1LT
  • 1-bedroom apartment
  • £52,000 40% share

Richmond Hill Approach

REF: RS248246

  • Leeds
  • 2-bedroom house
  • £65,000 50% share

Brandforth Road

REF: RS248233

  • Manchester
  • 3-bedroom house
  • £95,000 50% share


REF: RS248199

  • Lechlade, Gloucestershire
  • 2-bedroom house
  • £123,750.00 55% share

Merchant Place

REF: RS247793

  • Bedford, Bedfordshire
  • 1-bedroom apartment
  • £59,200 40% share

Anstey Road

REF: RS247319

  • Farnham
  • 2-bedroom apartment
  • £102,000 40% share

Bunting House

REF: RS248104

  • Uxbridge, Greater London
  • 2-bedroom apartment
  • £234,000 65% share


REF: RS248065

  • Lechlade, Gloucestershire
  • 3-bedroom house
  • £122,500 50% share

Shared Ownership resales are properties available to buy that a current shared owner sells on which they purchased through Guinness Homes.

When you buy a resale home, you will purchase at least the share that the seller currently owns. For instance, if they own 50% of the property, this is the minimum share you can purchase. The cost of this share will be based on the property’s current market value.

Let’s walk through an example:

  • You find a Shared Ownership resale property where the seller owns a 40% share.
  • Given that the total property value is £200,000, your initial outlay would be £80,000 (40% of £200,000).
  • Alongside this, you’d pay a low-cost rent to us on the on the share of the property (60% in this example) you don’t own. This rent is typically below the market rate and set by the housing association.

Shared Ownership resales operate similarly to standard Shared Ownership properties. You can increase your share in your home over time through a process called “staircasing”. Eventually, should your circumstance permit, you may own your home outright.

With a resale, you’re buying from an existing leaseholder. This arrangement means that availability can be more limited and dependent on what people choose to sell.

Finally, just like with any other property, getting financial advice before buying into Shared Ownership resales is recommended. It can help ensure this kind of scheme fits best with your financial situation and plans. You can speak to a mortgage broker for more information on potential monthly costs.

When you arrange a viewing, inspect the property and check the condition of white goods and any fixtures that are part of the property sale.

Shared Ownership Resales FAQ

What are Shared Ownership resales?

Shared Ownership resales refer to properties in which the current owner bought through Shared Ownership. They are now selling their share.

The process varies slightly compared with buying a new Shared Ownership home, but offers the chance for others to buy into a Shared Ownership scheme. It is still a home which might be a more affordable way to own for first-time buyers looking to get on the property ladder.

Am I eligible for Shared Ownership Resale?

Your eligibility depends on several factors including your annual household income, your status as either a first-time buyer, or as a previous homeowner who can no longer manage buying a home on the open market because of financial constraints. Requirements set forth by the housing association selling the property must also be met.

For example, in large cities like London, local residents are often prioritised when allocating Shared Ownership resales.

Can I purchase without Mortgage?

While theoretically it’s possible to buy a resale without taking out mortgage, this isn’t commonly practiced because most people lack sufficient funds. The majority of first time buyers seeking a Shared Ownership resale will require a mortgage for their respective portion of the property.

What are the costs associated with purchasing?

There are many costs associated with purchasing Shared Ownership properties:

  • Mortgage payments on the part you own
  • Rent on the percentage owned by the housing association
  • A service charge which covers maintenance and repairs

Additional fees may include legal costs and stamp duty (depending on house price and location)

Remember, however, that these costs could vary based on location and other factors related with specific properties.

How do I apply or arrange a viewing?

Click on the property you are interested in purchasing and complete the enquiry form. The form will be sent directly to the seller and they will get in touch with you.

Are resale homes new builds?

Shared Ownership resales are not new builds. They are properties that a current shared owner wishes to sell on their share with Guinness Homes. This means the property has been previously owned and lived in. New builds, in contrast, are properties that have been recently constructed and have not been lived in before being put on the market. The properties listed on this page will vary in how long ago they were built.

Do I pay rent?

Yes, you will pay on the share that you do not own. This will be paid to Guinness Homes.

Do I pay a service charge?

Typically, yes, when you purchase a Shared Ownership resale. This service charge covers your share of the maintenance and upkeep of the communal areas and the building structure. The service charge amount is stated on all our property listings.