What is a shared ownership resale?

A resale is a shared ownership home that the current owner bought 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 normally purchase at least the share that the seller currently owns.

The length of the lease on a resale is based on the number of years left on the original lease. This will differ vastly across resale homes depending on the original length of the lease when the home was first sold. The lease length on a new shared ownership home has recently been increased to 990 years and then decreases year on year. A shared ownership lease can be extended and is a legal document that sets out owner's rights and responsibilities.

Resales are second hand homes and are therefore sold as seen. We recommend that buyers satisfy themselves that appliances and services are in good working order; this is no different to buying and owning a home on the private market.

A 5% - 10% mortgage lender deposit is required for the share value being purchased and a subsidised rent is payable on the unowned share. 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."

Latest resale properties

Resale

Beulah Hill - Ref JB2406109235

Upper Norwood, London, SE19 3FF.

£1,806 estimated monthly cost

3 bedrooms

1 bathroom

Shares from 35%

Full market value from £520,000

Resale

The Forum - Ref DO1902105071

Lower Tanbridge Way, Horsham, West Sussex, RH12 1PS

£1,480 estimated monthly cost

2 bedrooms

1 bathroom

Shares from 75%

Full market value from £265,000

Resale

Hop Court - Ref HR2507110309

10 Old Farm Place, Sidcup, Kent, DA15 8FD

£1,570 estimated monthly cost

2 bedrooms

1 bathroom

Shares from 30%

Full market value from £410,000

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