When staircasing, there are many ways to pay. If you’re looking to pay for your new shares in cash, we’ll just have to carry out a few additional checks.
If you have extra funds available, you can use this to increase your deposit amount*, which will reduce the lending amount needed to buy your new shares.
Coming to the end of your lease? We have a team dedicated to helping you. They’ll be able to guide you through applying for a lease extension.
Contact our Leasehold team
Remortgaging and Further Borrowing
We often get questions about additional borrowing. Your IMA can look at this for you. The rates will be running alongside each other as separate terms (almost like two mortgages). So, you’ll need to stay organised as they’ll end at different times.
If you’re remortgaging, we’ll need to approve the new lender you’re moving to. Have a read of our Remortgaging and Further Borrowing Guide for more information.
Remortgaging and Further Borrowing Guide
If you pay off your mortgage, you’ll still need to continue your rent payments to us. But, you can continue to buy more shares until you own 100%. Then, we’ll no longer be your landlord, so you can stop paying rent!
*Not required for remortgaging.