Staircasing

What is staircasing?

As a shared ownership customer you can buy more shares in your home, this process is called staircasing. The more shares you own, the less rent you pay.

You can purchase as little as 10% or purchase the full remaining share in your property, giving you opportunity to have 100% ownership of your home (some properties are exempt from outright purchase, just check with our team first).

Our guide to staircaising document will take you through the process step by step. You will also find more details about getting a valuation and some frequently asked questions.

Guide to staircasing

Benefits of staircasing

Increased Ownership: As you buy more shares, you increase your ownership stake in the property, potentially up to 100%.

Reduced Rent: The more shares you own, the less rent you pay to the housing association on the remaining share.

Investment Growth: Owning a larger share of the property means you benefit more from any increase in the property’s value.

Full Ownership: Once you own 100% of the property, you no longer pay rent and have full control over the property, including the ability to sell it on the open market.

Using equity in your home to staircase

It may be possible to use the equity you have built up in your home to help you purchase more shares. Carly Horne from our sales team met with Oliver Dack from the Mortgage Advice Bureau to find out more.

You can find our panel of mortgage advisers below

Mortgage panel

Conversation with Oliver Dack

Equity is the difference between a value of someone's share and their mortgage balance.

I'd recommend customers getting in touch with a mortgage adviser as soon as possible, they will talk them through their options and map out exactly the best route in order to buy more shares within that property.

The adviser will find out the value of the property, the number of shares they are looking to buy, and the difference between the current mortgage balance and that additional borrowing in order to be able to do that.

We'd always recommend speaking to a financial adviser as soon as possible.
The natural points to review it is when your current mortgage product is coming to an end.
We try to speak to our clients a good seven months before their product end dates.
The main reason being is because it allows us to map out the opportunity to buy more shares within their property.

Are you interested?

If you are interested but would like us to call you to help you through the process please complete the form below and we will get in touch.

Alternatively, if you are ready to go please complete the application form below and sent to us At Flagship Homes, 31 King Street, Norwich, Norfolk, NR1 1PD or email sales@flagship-homes.co.uk.

Application form

Staircasing enquiries

Please complete the form below