Resales 

When an existing part buy/part rent home becomes available for resale, you can buy the share from its current owner. The homes vary greatly in terms of age, size, type and condition.

You can buy shares between 25% and 75% of the property’s market value and you pay a subsidised rent on the remaining share.

What are resales?

When one of our existing shared owners wishes to move on, they come back to Moat to sell their property. We then market these properties to applicants registered for part buy/part rent properties and also via our websites. Shares range from 25% to 75% depending on the share owned by the current resident.

How does it work?

Homes are available through different housing associations. You may need to raise a mortgage to purchase your share and also have access to savings to cover mortgage deposit and legal fees. If you have a large deposit or equity from the sale of a property, this can be used towards purchasing your share.

What are my options after buying through resales?

You can buy additional shares at a later date until you own 100%, if you wish to. This is called staircasing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately.

If you wish to sell your property, your share is marketed for sale by your housing association, to allow other people in housing need to benefit from affordable home ownership. The property is resold at the current market value at the time of resale.

Am I eligible for HomeBuy?

Please click here to find out.

Your home is at risk if you do not keep up rent and mortgage repayments or payments on other loans secured on it.

Please note that the value of properties can go down as well as up.