Shared Ownership leases allow homeowners to buy further shares in their home at any time after the first year of your initial purchase. This is often called staircasing and gives you an opportunity to own more of your property. If you are a purchaser of a re-sale property you may purchase further shares straight away, providing the lease of the property is over one year old.

• In most cases you can purchase up to 100% of the equity in your home. Please refer to your lease
• With shared ownership, as the amount owned by you increases, the amount of rent payable will decrease
• Each time you want to buy another share, the property is re-valued and you buy the share at the current market value
• Rules on 'staircasing' vary from lease to lease so please seek advice from us