What happens after you buy a Shared Ownership home?
Once you’ve completed, you become a leaseholder, so you’ll need to keep up your repayments on your rent and service charge as well as your mortgage payment or your home could be repossessed.
Want to buy more shares in your home?
You can buy more shares in your Shared Ownership home and, depending on the lease agreement, this could be all the way to 100% outright ownership. This is known as staircasing. Find out more
You can staircase at any time. As you buy more shares in your property, your rent decreases. If you want to buy an extra share, you must first get your home valued. We use this valuation to work out the price of the share.
Got questions?
Our team will go the extra mile and stick by you through the buying journey, so if you need more information about what happens after you’ve bought your home we’re always here for you. Contact us on 0203 815 2222