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Shared ownership/part exchange query

I am looking to move from my one bed shared ownership home and wanted to know if anyone had experience of selling the home through part exchange to a larger home? When I contacted the housing association they were very vague as to whether shared ownership properties could actually be part exchanged for larger homes via housing developers.

Comments

  • kingstreet
    kingstreet Posts: 39,204 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No. You can't do it.

    A shared ownership property can only be sold to an individual qualifying and approved by the local HCA HomeBuy Agent.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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