Shared Equity or Shared Ownership

Transferring Shared Equity or Shared Ownership mortgages

If you have an existing mortgage on your current home, you will have to make a new application to transfer your existing mortgage, with your current or new lender, to any new property.


Depending on your circumstances, you may have to give back some of the discounts you received when purchasing your council home.

You’ll have to pay back all of the discounts if you sell within the first year. After that, the total amount you pay back reduces to:

  • 80% of the discount in the second year
  • 60% of the discount in the third year
  • 40% of the discount in the fourth year
  • 20% of the discount in the fifth year

The amount you pay back will depend on the value of your home when you sell it.

If you sell your home within 10 years of buying it through Right to Buy, you must first offer it to either: your old landlord or another social landlord in the area.

Find out more.

If a compulsory purchase order (CPO) is made by the council, then the discount payback arrangements will not apply. Properties which are subject to a CPO are exempt from these payback arrangements.