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Staircasing and shared ownership remortgages

Staircasing mortgages and shared ownership remortgages – whole of market choice

At Share to Buy, we can arrange a Shared Ownership remortgage for you, and have access to a wide range of Shared Ownership and homebuy mortgage lenders. This also includes shared ownership remortgages with staircasing (i.e. buying additional shares in the property). If you are looking to staircase right up to 100% ownership, depending on your circumstances you should have a choice of products from the whole mortgage market, not just shared ownership providers. Moreover, because we offer both shared ownership and outright purchase mortgages from the whole of the market, we are well placed to assist with shared ownership staircasing to full ownership. Just remember that if you are looking to staircase as part of your remortgage you will only be able to apply once you have had a valuation conducted on your property in conjunction with the housing association.

Staircasing calculator

For most customers, staircasing is likely to involve a new, larger mortgage. Since 100% mortgages are generally not available, we have constructed a staircasing calculator which helps you to find out if you are likely to have enough equity in your home to purchase your desired share, and also provides an estimate of how much the new mortgage might cost. For those who are just commencing their research we suggest you start by using the staircasing calculator, or read on if you wish to make an application for staircasing mortgages. The Share to Buy website aims to provide the latest comprehensive information on staircasing and shared ownership remortgages.

Our broker fees

We charge a fee of £50 for submitting an agreement in principle application to a mortgage lender.  A fee of £199 is payable when we submit a full mortgage application and supporting documentation to a mortgage lender on your behalf

Proceeding with your shared ownership remortgage

Ideally, if your application is a straight remortgage (i.e. new shared ownership deal with no staircasing) or if you are staircasing as well and have already had your housing association valuation, you are in a position to get moving straight away and should submit a no-obligation agreement in principle application. Please take care to provide further information about your case in the notes section, particularly if you are staircasing. In particular, in the question 'what type of mortgage are you looking for', please write 'staircasing'.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Share to Buy Ltd is authorised and regulated by the Financial Conduct Authority. FCA register number 306800. You can find more detail on our status in our Initial Disclosure Document [109k] and Terms of Business.

For further information, contact us or write to: Share to Buy, PO Box 11998, Sudbury CO10 3BS. Registered in England and Wales no: 04909788.