Staircasing FAQ

Thinking about taking the next step as a shared owner? We have put together the answers to our most frequently asked questions.

What is staircasing?
Over time you may decide to buy a bigger percentage share in your Shared Ownership property, this is called staircasing.

What are the benefits of staircasing?
The main benefit of staircasing is that you will own more of your home and pay less rent. If you staircase to 100% you become the outright owner, and you will no longer need to pay any rent.

If the value of your home increases over time, the value of your shares will too.

What % share can I purchase?
This depends on your Lease. Usually you can buy as little 10% at a time, or you can purchase the remaining shares in one go. In most cases, you can eventually own the property 100%. If you’re ready to buy more shares you should contact us, so we can advise you of the process and get in touch with an independent mortgage adviser, they will help you understand how much you can afford to buy.

Do I have to staircase?
Staircasing isn’t for everyone, and it’s up to you if and when you want to buy more shares in your home.Staircasing FAQ

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Do I still pay rent and service charges?
If you buy more shares but do not own 100%, your rent will be recalculated based on the new shares you own. Your service charges (if applicable) will remain the same regardless of what share you own.

If you do currently pay a service charge and buy 100% of your home, then you may still need to pay a service charge

How soon can I staircase?
Your Shared Ownership Lease gives you the option of buying more shares in your home, whenever you feel the time is right to do so.