How staircasing works

How does staircasing work?

If you’d like to own more of your home – or even buy it outright – we can guide you through the process of buying more shares in your property, and help you decide if it’s right for you. There are 5 main steps: 

  1. Check your finances 
  2. Complete an application
  3. Arrange a valuation
  4. Obtain authority to proceed
  5. Conveyancing and completion

You can read more detail about these steps here

What are the benefits of staircasing?

Owning a bigger part of your Shared Ownership home – or even owning all of it – comes with many 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 the more shares you own will lead to 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 

Former Network Homes customer? For more information and to apply, please contact staircasing@networkhomes.org.uk or call 0204 512 5640 (Monday to Friday 9am to 5pm).


FAQs