Everything you need to know about staircasing

Staircasing means buying more shares of your home over time and potentially leading to full ownership, depending on your lease. 

As your share increases, your rent decreases.

If you’d like to staircase:

  • Contact us for an application pack
  • Get a RICS valuation of your home (you’ll need to cover the cost and send us a copy of the report)
  • Receive an offer based on the valuation
  • Appoint a solicitor to manage the legal process
  • Complete the purchase within three months of the valuation
  • We’ll update your ownership level and rent amount

NMSO gives you more flexibility with staircasing:

  • Buy an extra 1% each year for 15 years
  • We’ll send you an Annual Percentage Value Notification (APVN) showing the cost, based on the House Price Index (HPI)
  • HPI data is sourced from the Land Registry and reflects your property type and location
  • The valuation is valid for three months
  • You can staircase in 5%+ increments if preferred
  • If you sell your home, the new buyer gets a fresh 15-year 1% staircasing term
  • You can request a RICS valuation if you disagree with the HPI estimate (at your cost)
  • We may also request a RICS valuation if needed (at our cost)
  • No fees for HPI valuations or admin charges on gradual staircasing
  • You’ll cover your own legal fees if you choose to get advice

Email: sales@emh.co.uk 
Phone: 0300 123 0918

Standard Shared Ownership

If you’d like to staircase:

  • Contact us for an application pack
  • Get a RICS valuation of your home (you’ll need to cover the cost and send us a copy of the report)
  • Receive an offer based on the valuation
  • Appoint a solicitor to manage the legal process
  • Complete the purchase within three months of the valuation
  • We’ll update your ownership level and rent amount
New Model Shared Ownership (NMSO)

NMSO gives you more flexibility with staircasing:

  • Buy an extra 1% each year for 15 years
  • We’ll send you an Annual Percentage Value Notification (APVN) showing the cost, based on the House Price Index (HPI)
  • HPI data is sourced from the Land Registry and reflects your property type and location
  • The valuation is valid for three months
Additional options and information
  • You can staircase in 5%+ increments if preferred
  • If you sell your home, the new buyer gets a fresh 15-year 1% staircasing term
  • You can request a RICS valuation if you disagree with the HPI estimate (at your cost)
  • We may also request a RICS valuation if needed (at our cost)
  • No fees for HPI valuations or admin charges on gradual staircasing
  • You’ll cover your own legal fees if you choose to get advice
Questions?

Email: sales@emh.co.uk 
Phone: 0300 123 0918

"Friendly service and excellent communication on progress."

Carrine, Northampton