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Staircasing

Buying more shares in your Shared Ownership home is known as staircasing.

Usually once you have lived in your home for a certain period you can buy further shares in your property.

The greater the share you buy in your home the less rent you will pay to your Housing Association. If you staircase to 100% you become an outright owner, and you will no longer need to pay rent.

You may acquire additional shares in your property at a price equal to the relevant proportion of the current full open market value of the property.

Staircasing can seem daunting. If you already own a Shared Ownership home and want to buy more shares – possibly right up to 100% outright ownership – Mortgage Superheroes can help. We will talk you through the process, assess what additional shares you can afford to buy and advise and arrange your mortgage for you.

Mortgage Superheroes Ltd. is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA no. 923911. Registered in England and Wales no. 09390697. Registered address: 124 Glencoe Road, Chatham, Kent ME4 5QF.

The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.

There may be a fee for mortgage advice. The precise amount will depend on your circumstances but typically this will be £450.

Your home may be repossessed if you do not keep up repayments on your mortgage or any loan secured on it.