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Buying further shares in your home

 

You are entitled to increase the equity share in your home by purchasing additional shares. This process is called staircasing;

 

The staircasing process

 

•     Check your lease for any restrictive clauses

 

•     Inform INplace that you wish to purchase further shares in your property

 

•     Independent surveyor values your property – this valuation must not be more than three months

      old on completion of purchase

 

•     Upon receipt of valuation INplace will calculate the purchase price of the shares you wish to buy

      (conditions apply, please refer to leaflet)

 

•     You agree purchase price and confirm you wish to proceed with staircasing

 

•     You instruct a solicitor

 

•     Completion.  If you now own 100% of the property you will no longer pay rent to us.

 

For more information please contact our Home Ownership Team, or download the leaflet below:

 

Phone: 0845 606 1221

Email: staircasings@inplace.co.uk

 

» How to buy more shares in your home (PDF)

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