Staircasing

Staircasing

‘Staircasing’ is the term used if you want to increase the share in your shared ownership home.

Do I qualify for staircasing?

Unless your lease says otherwise, you must be a shared ownership leaseholder and have owned a share of at least 25% in your home for 12 months or more.

How to increase the share in your home

First of all, write to us saying that you would like to increase the share in your home and how much you would like to increase it by. The smallest amount you can increase your share by is 10% of the property’s value, going up in 5% increments to a maximum of 100% ownership.

We will write confirming the date of your application and asking you for a valuation fee and details of your solicitor.

Valuation

When we have received the valuation fee from you, we will arrange for a valuer to decide the market value of your home.

When we have it, we will write to you with the market value of your home. We will also tell you what the new rent and service charge will be.

If you decide to proceed, our solicitors will take over the process until completion.