Resales are part-buy/part-rent homes that become available when existing ‘sharing owners’ wish to sell their stake in the property, normally as a result of them moving up the property ladder.
The share you can buy and the rent payable will differ from one property to another as a result of differences in the percentage initially purchased and any staircasing (increasing the percentage of property share owned) that may have occurred.
Essentially this is shared ownership, but instead of being a new build property, you will be buying from an existing shared owner.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There may be a fee for Mortgage advice. The precise amount will depend upon your circumstances and we will discuss your payment options with you and confirm the actual amount payable before we begin to provide our services.