Staircasing

Owning a Shared Ownership home gives you the freedom to buy more of your home over time. We call this staircasing.

You don’t have to buy more shares, but you absolutely can – it’s your choice. It’s a great way to move towards owning your home at a pace that suits you.

You can usually buy as many shares as you like, as long as it’s affordable for you. The more shares you buy, the less rent you’ll pay to us. This is because you only pay rent on the part of your home you don’t own. If you staircase to 100% ownership, you won’t pay us any rent at all.

Before you buy your new shares, we’ll let you know how this will impact your monthly payments.

Wondering how to staircase with Shared Ownership?

It’s straightforward. You’ll need a RICS (Royal Institute of Chartered Surveyors) independent valuation of your home to find out its current market value.

The price of your new shares is based on that valuation. You’ll work with your mortgage provider (if you have one) and your solicitor to complete the purchase and we’ll be here to guide you every step of the way.

Once you have received your valuation, email us to inform us of how much you want to staircase by. You can email us at hello@loddonhomes.co.uk.