Staircasing – buying more shares
Staircasing is the process of buying additional shares in your shared ownership home.
Staircasing process
As you staircase:
- your ownership share increases
- the rent you pay usually reduces
Some leases allow staircasing up to 100%, meaning you own the home outright.
How staircasing works
- Check your lease
Your lease sets out when and how you can staircase. You can check your lease online. - Contact whg
We’ll explain the process, fees and next steps. - Get a valuation
You’ll need an independent RICS valuation to confirm the market value. - Legal and mortgage process
You’ll need a solicitor and, if required, a mortgage lender.
All staircasing is based on open market value and your lease terms
Costs to expect
Staircasing usually involves:
- valuation fees
- legal fees
- mortgage fees (if applicable)
- whg administration fees
We’ll explain all costs before you proceed.
