How does staircasing work?
If you’d like to own more of your home – or even buy it outright – we’re here to guide you every step of the way. We’ll help you explore your options, support you through the process of buying more shares in your property, and make sure staircasing is the right choice for you.
There are 5 main steps:
- Check your finances
- Complete an application
- Arrange a valuation
- Obtain authority to proceed
- Conveyancing and completion
What are the benefits of staircasing?
Owning a bigger part of your Shared Ownership home – or even owning all of it – comes with a range of benefits:
- You’ll reduce the amount of rent you pay to us, as you only pay rent on the share you don't own.
- If you decide to sell your home, owning more shares means you’ll receive more profit if the value of your home has increased.
- If you own 100% of your home, in most cases you can sell it on the open market using an estate agent of your choice, and you’ll benefit from any profit made.
- Becoming the outright owner means you can maximise the profit from any major home improvements you carry out if you choose to sell.
Find out more
Keen to find out how much it might cost?
Try our handy online staircasing calculator (Coming Soon)
Ready to apply?
Complete our online application form (Coming Soon)
Have questions?
Contact our friendly team:
newhomes@cerrishomes.co.uk
or call 01782 854748
(Monday – Friday, 9:00am – 5:00pm)