Shared Ownership resales

  • Ownership: Between 10-75% of the home's value

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Availability: England only

Overview of scheme

If you can’t afford to buy a whole home, you could buy the share of a home bought by its current owner when they used a shared ownership scheme (part rent/part buy). These homes are advertised by housing associations as ‘Resale’.

The share you would buy would be between 10% and 75% of the home’s value and you would pay rent on the remaining share to a housing association. You could buy bigger shares later when you can afford to.

Eligibility

You could buy a shared ownership resale home in England if:

  • your household earns £80,000 a year or less, or £90,000 a year or less in London.
  • you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.

Only military personnel will be given priority over other groups through government funded shared ownership. However, councils with their own shared ownership home-building programmes may have some priority groups, based on local housing needs.

How to apply

To buy a home through a Help to Buy: Shared Ownership scheme contact the Help to Buy agent in the area you want to live.

A couple standing at their open bifold doors looking out at greenery below

Shared Ownership

Shared Ownership offers you the chance to buy a share of your home (between 10% and 75% of the home’s value) and pay rent on the remaining share.