Jargon Busting: Staircasing

Staircasing explained in 30 seconds

Can I buy more shares in my Shared Ownership home?

As part of our Jargon Busting in 30 seconds or less series, we’ve taken a look at the process of buying additional shares in your Shared Ownership home, also known as ‘staircasing’.

As and when your financial circumstances change, you can choose to buy more shares in your Shared Ownership home through a process known as ‘staircasing’; this is completely optional and you do not have to buy more shares if you don’t want to. As you purchase more shares in your home, your mortgage payments will increase and your rent will decrease.

If you decide to staircase to 100%, you become the outright owner of your property and no longer pay any rent, just your mortgage and any service charges. At this stage, if you wish to sell, you’re no longer required to give your housing association the opportunity to market the property first.

For more information on Shared Ownership and Staircasing, check out our other pages below:

• Shared Ownership 101
• Shared Ownership: Buying more shares and selling your home
• Shared Ownership Staircasing
• Shared Ownership Staircasing Guide
• Staircasing Calculator

Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages, and find out all you need to know about alternative home-buying schemes using our FAQs and guides.

If you’re interested in purchasing a part-buy part-rent home, you can find out more via our article index and Shared Ownership terms and conditions on Share to Buy.