Quickly find a home

Locations

Developments

Shared Ownership Resales

Shared ownership resales are properties that a current shared owner sells on.

When you buy a resale, 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 Resale Houses and Apartments

East of England

Merchant Place (RS247793) Front Of Property
Merchant Place (RS247793)
1-bedroom apartment available in Riverside Square, Bedford for £59,200 (40% share). Monthly rent is £204.80 with a service charge of £140.27. Near local amenities and Bedford train station.
Cromdale Walk (RS246786) Front Door Amended
Cromdale Walk (RS246786)
Modern 1-bedroom flat for sale in Stevenage, Hertfordshire. Offers shared ownership at a 75% share, with features including a shared garden, allocated parking and reliable broadband. Situated within walking distance of local shops and top-rated primary school.
Park House (RS254032) DSC 0018
Park House (RS254032)
A 2-bedroom apartment in Park House, Albany Court, Leigh-On-Sea, Southend, Essex. Available as a 45% shared ownership at £126,000. Features include gas central heating, allocated car parking and communal garden. Close to amenities and schools.
Reeve Close (RS255402) DSC 0015
Reeve Close (RS255402)
2-bedroom apartment available for 50% shared ownership at £97,500 in Reeve Close, Leighton Buzzard, Bedfordshire. Features include gas central heating, allocated car parking, a shared garden and proximity to local schools and the train station.

East Midlands

Irthlingborough Road (RS248290) DSC 1966
Irthlingborough Road (RS248290)
1-bedroom apartment in Wellingborough, Northants, NN8 1LT. Key features include gas central heating, allocated car parking, communal garden and proximity to the train station and school. Available for a 40% shared ownership at a share price of £52,000.

London

Bunting House (RS248104) 014FF1A4 BF02 42E6 86D6 315BCC7B8FBB
Bunting House (RS248104)
Spacious 2-bedroom flat available for a 65% share at £234,000.00 in Bunting House, Ickenham Uxbridge, Greater London. Features include gas central heating, allocated parking, and proximity to the train station. Monthly rent is £56.24 with a service charge of £20.27
Lightford House (RS247741) Bedroom Front Page
Lightford House (RS247741)
Available 50% shared ownership flat at Lightford House, Loughborough Park, London. This modern one-bedroom property features a communal garden, gas central heating and close proximity to the train station. Priced at £235,000 for 50% share with a monthly rent of £424.87 and service charge of £109.57
Newson House (RS253507) DSC 0054
Newson House (RS253507)
A 2-bedroom apartment is available for 40% shared ownership at Newson House, 123 Loughborough Park, Brixton, London. The share price is £226k with a monthly rent of £796.48 and service charge of £114.81. Features include electric heating, balcony and reliable broadband connection.

North East

Pennistone Place (RS248090)
Pennistone Place (RS248090)
3-bedroom semi-detached house available at Pennistone Place, Grimsby, DN33 3SS. Offered for 75% share for £101,250.00. Key features include a rear garden, local shops and amenities nearby, gas central heating and driveway parking.

North West

Brandforth Road (RS248233) 38 Brandforth Road (30)
Brandforth Road (RS248233)
Spacious 3-bedroom detached house available for a 50% share at £95,000, on Brandforth Road, Manchester. Includes gas central heating, rear car parking, patio and close proximity to local schools and train station. Monthly rent of £193.79 with a monthly service charge of £23.62

South East

Anstey Road (RS247319) Building
Anstey Road (RS247319)
2-bed third-floor apartment in Farnham, Surrey. Includes allocated parking, uPVC double glazing, gas central heating and is close to amenities. Enjoy life in a historic town with great amenities and direct commuter access to London & Guildford.
The Bridgehouse (RS248955) DSC 0570
The Bridgehouse (RS248955)
2-bedroom property at The Bridgehouse, Weevil Lane, Gosport, Hampshire. Key features include electric heating, car parking permit and a communal garden. It’s available as 40% Shared Ownership (pre-owned home) with a share price of £78,000. Local shops and amenities are nearby.

South West

Perrinsfield (RS248065) Untitled 17 2
Perrinsfield (RS248065)
Perrinsfield, Lechlade in Gloucestershire, GL7 3SD. This semi-detached home features 3 bedrooms, a rear garden, gas central heating and a paved driveway. Share price is £122,500.00 with a monthly rent of £188.72.
Perrinsfield (RS248199) 26 Perrinsfield Lechlade 1
Perrinsfield (RS248199)
A charming 2-bedroom property in Perrinsfield, Lechlade, Gloucestershire, GL7 3SD. Available for purchase as 55% at a share price of £123,750. Key features include a rear garden, gas central heating, covered car parking and proximity to local shops and amenities.
Appletree Close (RS259654) 600Ad4be 3847 Ee11 Be6f 6045Bdd2c52d
Appletree Close (RS259654)
The 2 bedroom property is situated just 50 yards from Frogmore estuary and potential purchasers will benefit from being able to kayak, sail, fish within 2 minutes of their front door.
Available 20230426 DSC 7570
5 Burrows Close (RS255293)
Based right next to Gloucester Quays, right near Sainsburys, close to town. Near the bus and train station as they are in town.

Yorkshire and Humber

Richmond Hill Approach (RS248246) 9928
Richmond Hill Approach (RS248246)
2-bedroom semi-detached bungalow at Richmond Hill Approach, Leeds, LS9 8JX. Features gas central heating, driveway parking, a rear garden and nearby amenities. Available as a 50% share (pre-owned) for £65,000.00. Monthly rent at £109.91 with a service charge of £85.07.

Frequently Asked Questions

  • What is shared ownership?

    Shared ownership is a scheme that allows people to afford to buy a share in a property, typically between 25% and 75% of its total value. The buyer then pays a combination of mortgage payments on their share and rent on the remaining share they do not own to a housing association. This makes owning a home more affordable as the deposit and the mortgage required are both less than if the buyer were to buy a home outright.

  • 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.

    These properties could be a resale home or a new build. 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 otherwise may have been unaffordable.

  • 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 due to financial constraints. Additionally, 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 individuals 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.