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Buying a resale discount for sale home
Buying a pre-loved, or resale discount for sale home is an affordable way to get on the property ladder.
A discount for sale home is a property sold at a percentage of the market value. Unlike shared ownership, you own the property outright.
Ideal for
- Buyers unable to afford a home at full market value
- Low to middle earners living or working in the area wanting to get onto the property ladder
You qualify for a discount for sale home if:
- You don’t currently own a home or have an interest in a home
- You can’t afford to buy a home outright at full market value
Keep in touch
What would be your perfect home? Tell us what you're looking for and we'll be in touch with the home for you. Email or call us on 0191 731 1445.
At a glance
- When you come to resell your home you will need to apply the same percentage permanent discount. For example, if you bought 40% of the market value, you will have to sell 40% with the 60% permanent discount
- In some locations you will need to either live or work in the area to qualify
- You cannot buy additional shares in your home
Available options
Resale shared ownership homes
Shared ownership lets you buy a percentage of a home and pay rent and service charges for the share you don’t own.
Resale retirement and older person shared ownership homes
Our resale retirement homes include houses, bungalows as well as purpose-built apartments in perfect locations that are fit for your retirement. All are self-contained and promote independent living.
Resale discount for sale homes
A discount for sale home is a property sold at a percentage of the market value. Unlike shared ownership, you own the property outright.