Buying more shares in your shared ownership home is known as staircasing. Most homeowners usually buy between 25% and 75% of their homes full market value. This allows them to get on the ladder and own part of their home. Shared ownership has an array of benefits and is an excellent scheme that has helped countless people become homeowners.
Over time, many people want to increase their shares in the property. Through staircasing, home owners will be able to buy additional shares based on the value of the home in the current market. Before you buy additional shares, you will need to have your home surveyed by a RIC's surveyor as the cost of your new shares will depend on this.
Homemade, Accent's experienced property sales team can help you with the process of staircasing. So whether you are just enquiring or you're ready to buy more shares of your current home, you'll find all the information you need here.