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

East Midlands


North East

North West

South East

South West

Yorkshire and Humber

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.