What is staircasing
If you are a shared owner of your home, you can ‘staircase’ at any time. Staircasing allows you to buy additional shares in your property until you reach 100%.
Why should I staircase?
The benefits of staircasing include:
- A reduced monthly rent, as you will own a larger share in your property
- A reduction in certain restrictions in your lease once you own 100% of your property. For example, you will have more flexibility in how you sell it
- More equity for you, if your home goes up in value.