Staircasing

The evolution of ownership

If you are a shared owner, you can increase the equity that you own in your shared ownership property by purchasing more shares in your property. This is referred to as staircasing and can be done at any time after you purchase your home.

The staircasing schedule in your lease will explain the process to you. In order to apply to staircase, your account must be up to date and remain up to date whilst the transaction takes place. Your rent will decrease in line with the extra shares you purchase and when you reach 100% ownership you will no longer pay rent. However, you are still liable for service charges and ground rent (where applicable).

 

How to apply

1. Complete the staircasing application form with a handwritten signature and return this to homeownership@thrivehomes.org.uk.
2. Transfer relevant fees (detailed on the application form).
3. We will check the application form and confirm receipt of the fees.

Once we have done this we will arrange for a valuation to be completed by a RICS valuer and send you an offer. If you accept the offer, the matter will then be passed to solicitors to handle.

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FURTHER INFORMATION

For more details on who we are and what we do see below.

  • Get in touch

    If at any time you want to get in touch with us, please do.
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  • Shared owners

    Already a shared owner? You can increase the equity that you own in your shared ownership home by purchasing more shares in your property. This is referred to as staircasing and can be done at any time after you purchase your home.
    Learn More
  • Resales

    If you currently live in a OwnHome shared ownership home and wish to sell your property, just follow these steps
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