One of the great benefits of being a shared owner is the option to buy extra shares in your home. These can be bought in stages, or you can buy the remaining shares and own your property outright. This process is called staircasing.
Although buying more shares will cost money, you’ll own more of your home and your rent will reduce, or if you buy up to 100%, will stop completely.
If you’re considering staircasing but aren’t sure when the best time is financially, we’re here to help. We can talk you through the process step by step and arrange for our Specialist Mortgage Advisor to talk to you about finances, looking at the options available.
If you’d like to know more or want to speak to our Specialist Mortgage Advisor for a free assessment, please get in touch by emailing property.sales@goldinghomes.org.uk or calling 0300 777 2600.
You can also have a read of our helpful A Guide to Staircasing.