As the demand for accessible routes to homeownership continues to rise, shared ownership resales have become an increasingly viable option for buyers across the UK. While many are familiar with new-build shared ownership schemes, resale properties—where an existing shared owner sells their share to a new buyer—offer unique advantages, including established communities, immediate availability, and more location options.
In this article, we explain how shared ownership resales work, who they are suitable for, and why they are gaining popularity in today’s housing market. We’ll also highlight how Fraser Bond can assist buyers and investors with expert guidance through the resale process.
A shared ownership resale occurs when a current shared owner decides to sell their share in a property. Unlike purchasing a new-build shared ownership home from a housing provider, resales involve buying an existing share—typically between 25% and 75%—and taking on the same rental agreement for the remaining portion.
Buyers must meet the eligibility criteria set by the relevant housing association and are subject to affordability assessments, just like with new-build shared ownership.
New-build shared ownership homes are often limited to specific development zones. Resales, however, are available across a broader range of locations, including city centres, established neighbourhoods, and sought-after areas where new builds are scarce.
Unlike off-plan or under-construction properties, resale homes are ready to move into. This suits buyers who need to relocate quickly or are looking for a hassle-free move without waiting for development completion.
Resale homes can offer better value in terms of purchase price, service charges, and rental terms. Because the original owner has likely lived in the property for some time, the price may reflect market conditions more accurately than brand-new developments.
Resale properties are situated within existing communities, offering a more stable and familiar environment. This appeals particularly to families and professionals seeking long-term neighbourhood amenities, schools, and transport links.
Register with the Housing Provider: Once you’ve found a resale listing, you’ll need to register with the housing association that manages the property.
Financial Assessment: A housing provider or an independent financial advisor will assess your eligibility.
Mortgage Approval: Buyers must secure a mortgage for the share they intend to purchase.
Legal Work: Conveyancing begins, and solicitors ensure contracts, lease terms, and affordability are all in order.
Completion and Handover: Once legal and financial steps are complete, you receive the keys to your new home.
Lease Terms: Most shared ownership homes are leasehold. It’s important to understand the remaining lease length and terms before purchasing.
Staircasing Options: Resale buyers can also staircase in the future, buying additional shares and potentially owning the property outright.
Maintenance Costs: While many shared ownership homes are in excellent condition, resale properties may require light refurbishment or updated fixtures.
Fraser Bond specialises in guiding clients through the shared ownership resale process. Our team offers:
Access to vetted resale opportunities across London and key UK regions
Expert support with mortgage and affordability assessments
Professional guidance through legal and conveyancing steps
Strategic advice for staircasing, subletting, or long-term planning
Whether you’re a first-time buyer seeking affordability or an investor looking for stable long-term rental income, Fraser Bond ensures a smooth and informed experience.
Shared ownership resales offer a flexible, cost-effective pathway into homeownership, with added benefits such as location variety, move-in readiness, and community integration. With the right guidance, these properties can be an excellent alternative to new builds—especially in competitive housing markets.
Fraser Bond is committed to helping buyers navigate the shared ownership resale market with confidence and clarity. Contact us today to explore available opportunities and secure your next property investment or home.
