Staircasing Calculator
Calculate the cost of buying additional shares in your shared ownership property.
Shared Ownership Staircasing Calculator
Plan your journey to full home ownership by calculating staircasing costs
Understanding Staircasing
What is Staircasing?
Staircasing allows shared ownership homeowners to buy additional shares in their property over time. Starting from an initial share (usually 25-75%), you can gradually increase your ownership until you own the property outright.
Costs Involved
- Share price: Based on current market value
- Valuation fee: £300-500 typically
- Legal fees: £1,000-2,000 for solicitor
- Stamp duty: May apply above 80% ownership
Benefits of Staircasing
- Reduced rent payments to housing association
- Build more equity in your home
- Eventually own your home outright
- Benefit from property value increases
Things to Consider
- Property value may have increased since purchase
- You'll need to remortgage or extend mortgage
- Check for any staircasing restrictions in lease
- Consider stamp duty implications over 80%