It’s entirely up to you if you decide to staircase and purchase further shares in your home. Your lease determines the minimum share you’ll need to buy per staircasing transaction. You can staircase at any time after you’ve moved into your new home. You can purchase shares in manageable chunks or staircase to 100% ownership in one go. Your lease might limit your number of staircasing transactions, so please check your lease or speak to us regarding your plans to achieve 100% ownership.
You’ll purchase the staircasing share at the current market value and with each staircasing transaction, your rent reduces according to the new percentage owned. When you reach 100% ownership, you no longer pay us rent, although you are still liable for service charges and ground rent (if applicable).
If you’d like more information on staircasing and purchasing more shares, please click here.
