Purchasing more shares

Everything you need to know about purchasing more shares, also known as staircasing, can be found below.

You can increase the ownership of your home at any time by purchasing additional shares – this can be as little as a 10% share.

The share you purchase will be based on the current market value of your home, which is determined by an independent RICS qualified surveyor. For more details about the surveyors on our panel, please download this PDF.

With each share that you purchase, your rent reduces and when you reach 100% ownership, you no longer pay us rent, although you are still liable for service charges and ground rent (if applicable). Your lease contains information that explains how to increase your ownership. Your rent account must be up to date and you will be asked to provide details of any home improvements you have carried out. Before you apply to staircase, it is wise to speak to your mortgage lender or an independent financial adviser to ensure you will be able to get a larger mortgage. You also need to take into account the costs of legal fees and any additional mortgage fees you will incur in the purchase.

Our homeowners handbook gives further information about purchasing further shares so please take a look before applying. Once you are ready to, you can apply online here.