Buying a resale shared ownership
A simple guide
Shared ownership (part buy/part rent)
is all about getting a foot on the property ladder.
You buy a share of the property and pay a
subsidised rent on the share you don’t own. Over time you can buy
more shares until you own 100% of the property.
Shared ownership is available on brand new
properties or ones which have previously been lived in. These
properties were new once but the owner has decided to move on and
they are now selling their share to someone like you.
These properties are called ‘resales’ and are
really popular so read on to find out why a resale could be a good
option for you.
Step 1: Finding the right
Step 2: The buying
Step 3: Owning a shared ownership