Shared Ownership - A Guide To Staircasing

June 2017

The process of buying a bigger share of your home, or buying it outright, is called Staircasing.

The idea of Shared Ownership is to help get you on the property ladder when you can’t afford to buy outright on the open market. The great thing is that on most properties, you have the ability to purchase more shares or the remaining share when you can afford it, allowing you to build up to owning 100% of your home.

You can increase your share by as little as 10% or staircase all the way to 100%. The bigger the share you own, the lower the rent payments will be. Once you have staircased to 100%, you will no longer be a shared owner and will own the property outright!

In some cases, a Shared Ownership property may restrict you from owning more than 80% of the property. However, where this restriction is in place, if you were to purchase the full 80%, the rent payments would be eliminated. You will be made aware of this restriction at the start of the process if it applies.


Buying a bigger share of your home has many great benefits…

  • The bigger the share of the property you own, the lower the rent payments.
  • If you sell your home, you may still benefit from the increase in value.
  • There is no pressure to buy additional shares and no time limit on staircasing.
  • Staircasing allows you to own more of your home when you can afford it.
  • You have the opportunity to own your property outright.
  • If you own your home outright, you can sell it with no restrictions on the open market.


Step 1
Call us and we will check your lease to see what you need to do first. The property will need to be valued, but who can do this depends on what your lease says.
Step 2
Once we have received the valuation, we will work out all the figures and confirm everything in writing.
Step 3
Now all the figures have been worked out and we agree we are happy to proceed, you will need to provide us with the details of your solicitor so our legal advisors can work together to complete the sale.
Step 4
Once completion has happened, we will make all the necessary changes to your rent account and confirm when this has happened.

If you need more details about Staircasing, call our team on 0113 825 6777 for more information.

If you want to find out more about Shared Ownership, you can read more here