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Staircasing

If you’re a shared owner, you can buy more shares in your home until you own it outright. 

Staircasing is buying extra shares in addition to those you bought when you first moved in.

Normally you can buy a minimum of 10% on top of your initial share, up to a maximum of 100%. Your lease will say how much you can buy and when. If you need help finding this information, please call our legal and leasehold team.

Some leases do not let you buy 100% of your home. This is usually if the property is in a rural area and restrictions apply.

Your lease sets out when you can buy more shares. You may have to wait up to a year after becoming a shared owner before you’re able to buy more – contact our legal and leasehold team for more information.

Complete Notice SC1 and send it to our legal and leasehold team. We will instruct an independent valuer to come and value your home, who will contact you directly to arrange an appointment.

Your lease sets out that you will have to pay the cost of the valuation to Soha. We’ll let you know how much it will cost and ask that you pay before the valuer visits. You may have to pay arrangement fees to your mortgage provider if you’re borrowing money to pay for the share, and you’ll also need to pay your solicitor’s costs.

Your home will be valued at current open market rate, assuming a 100% share, less any improvements you’ve made. You need to include a list of improvements on the SC1 form you submit to us.

The valuation is only valid for three months and must be accepted by both you and Soha. If you don’t complete your staircasing within the three months the valuation may have to be reviewed and an additional fee may apply.

Your rent is calculated on the percentage of your home that we own – we’ll calculate the change and let you know what your new rent payment will be.

If you are purchasing less than 100%, your service charges will stay the same as there will be no change to the service you receive.

Contact Us

Pen

Soha Housing
Royal Scot House
99 Station Road
Didcot
Oxfordshire
OX11 7NN

Phone

01235 515 900
0800 014 15 45

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