You can buy more shares of your home from us, known as
'staircasing'. For example if you own a 50% share of your home at
the moment, you can staircase up to a 75% or even 100%
share depending on the terms in your lease. You are under no
obligation to staircase, so you can remain a shared owner for as
long as it suits you.
If you decide to increase your share of ownership, contact us
You must firstly obtain a valuation of your property, which
will determine the price of the extra shares you are
buying. The valuation must be by a 'RICS Certified'
valuer. You will need to meet the cost of the valuation
yourself and we will require a copy of the report.
You should ask that the valuer disregards any increase in the
valuation of your property as a result of any home improvements you
may have carried out that have had our approval. This is so you do
not have to pay for the added value of any improvements that you
have already paid for, so it works to your advantage. We will then
assist you and your solicitor throughout the legal side of the
Shared Ownership means you can buy your home in stages and usually own 100% of your property eventually. It's quite straight forward, but let us know when you're ready and we'll guide you through.
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