If you bought a home as part of the Affordable Homes Programme 2021-26, you’ll be able to staircase 1% each year (for up to 15 years), with no administration fees, Solicitors or RICS Survey. This also means no additional lending or mortgage fees. You’ll still have the option to staircase from 5% if and when you’re ready.
Download 1% Staircasing Guide
Not sure if you qualify for 1% staircasing? Just get in touch with our Post Sales team and they’ll check if you have the right type of lease. We’ll then be able to send you an Additional Percentage Value Notice. This tells you how much your 1% share will cost you.
The value of your 1% will be based on the current value of your home, plus how much that’s increased by the UK House Price Index. If you’re happy with this, you just need to send us an email to confirm, and we’ll get things started.
If you don’t agree with the value we’ve worked out, you can choose to get a RICS valuation. Once everything’s agreed, we’ll send you a Memorandum of Staircasing to confirm your purchase, and we’ll agree a date for you to pay for your new share.