Staircasing enables you to buy more shares in your home until you own the full 100%. The more shares you buy, the less rent you’ll have to pay, and if you own your home outright, you won’t have to pay any further rent to us at all. Some of our rural developments have restricted staircasing to ensure the property remains affordable for future generations of local people.
The percentage share you can buy will be outlined in your lease, but usually you can buy further shares in percentages of 10% or 15%. If you’re unsure about staircasing, we can recommend an Independent Financial Adviser (IFA) who will carry out a quick affordability check and help you decide whether it’s financially the right time for you to staircase. Or, you can choose your own IFA if you want to.