Shared Ownership - Resales Explained
Not all Shared Ownership properties are brand new. In fact, one in five of all Shared Ownership properties we sell are through the secondary resales market – e.g. an existing customer sells their Shared Ownership home to a buyer, who also purchases the property on a Shared Ownership basis.
For those looking to buy, Shared Ownership resales are a great way to help find your way onto the property ladder and secure your dream home, while making a safe and rewarding investment.
The process for buying a Shared Ownership property through resale is exactly the same as buying a new Shared Ownership property with us – except for one condition. When purchasing a resale, the buyer must purchase the entire share that the existing tenant owns (or a larger share up to 75%). For example, if the existing owner has a 25% share of their property, then the buyer must purchase the entire 25% share at least.
The benefit of purchasing a resale Shared Ownership property, is that it allows a wide choice of properties in highly sought-after developments.
With resales throughout London and the South East, there is a home to suit every lifestyle, family and future, making your ambitions of becoming a home owner a reality.
To view our full range of Shared Ownership properties available through resale, please visit our website.
Are you looking for a stylish and modern home?
Southern Home Ownership is dedicated to providing stylish, high quality and contemporary new homes for sale on a Shared Ownership basis.
If you're a first-time buyer and interested in owning a Shared Ownership property in London and the South East, then click on this link to take a look at our latest developments.