Shared Ownership Resales

What is a resale?

A resale is a shared ownership home that the current owner bought either as a new build or from an existing shared owner and now wishes to sell on. They vary greatly in terms of age, size, type and location. It's still the same shared ownership government-backed product but you will need to purchase at least the share that the seller currently owns. You will also take on the existing lease from the current shared owner with the term remaining. A shared ownership lease can be extended and is a legal document that sets out owners’ rights and responsibilities. Resales are generally older properties and are sold as seen. We strongly recommend that buyers satisfy themselves that appliances and services are in good working order prior to purchase; this is no different to buying and owning a home on the private market.

If you wish to purchase a resale home, we will ask you to have an affordability assessment carried out prior to viewing, to make sure that the monthly costs are affordable for you. Details of our mortgage advisors can be found here. The same eligibility criteria applies as for purchasing a new home; your household income should be less than £80k (£90k in London) and you should be unable to afford to purchase a home suitable for your needs outright. You will need savings to cover a minimum deposit of 5-10% of the share value plus legal fees.  Shared owners with Moat can sell their share to a new buyer through our resales team whenever they want. Further shares can be purchased at any time; this is known as "staircasing." 

Details of our available resale homes can be found here.

For further information about buying a resale home with us, please read our guide to 'Buying your shared ownership resales home.'