Shared Ownership FAQ

What happens when you own 100% of shared ownership?

Once you staircase to 100%, you own the full property interest under the lease and no longer pay rent to the housing association.

However, if the property is leasehold, such as a flat, service charges and leasehold obligations may still remain in place.

This is often referred to as full staircasing and can be a long-term goal for many shared ownership buyers.

Your home/property may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.

For the full picture, read our guide to shared ownership staircasing.

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What clients say

707 verified reviews, rated 5.0

260 reviews on Google and 447 on VouchedFor for 4 advisers, all independently verified. A 5.0 average across both.

5.0 average · Google & VouchedFor
VouchedFor

First time buyer looking to purchase a property. Tom was excellent from start to finish, offering support both in person and over the phone. He went above and beyond to find me the right mortgage, and even after a property fell through, he was reassuring and carried out further work (at no extra cost) to make sure I could still get on the property ladder. As a new buyer, the process of buying a property was daunting but Tom was incredibly patient, calm and willing to answer every question I had. He made the process of finding Insurance Plans super easy and straight forward and took care of everything. I cannot recommend Tom enough and will without a doubt choose him for future mortgage needs. Yes - Tom was also great as hastening my solicitor throughout the process. Everything about Tom’s service was exceptional.

Verified client in Hampshire
707
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260
on Google
447
on VouchedFor
5.0★
Average rating

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Your home/property may be repossessed if you do not keep up repayments on your mortgage.