Staircasing

COVID-19 update

We are still able to process requests to staircase. If you would like to talk to us about buying a bigger share in your home, please contact Chloe on 01733 396414 or email sales@crosskeyshomes.co.uk. 

Buy a bigger share in your home. The more you own, the less you pay on fees each month.

The process is simple and we’re here to help throughout. 

The cost of your additional shares are based on the current market value of your home. An independent valuation will tell us both what your home is worth at the moment.

Other costs to consider include:

  • Solicitors fees

  • Mortgage fees

  • Surveyor costs

  • Stamp duty – your solicitor will tell you whether this will apply.

We call it ‘staircasing’ because it might take a couple of steps until you own your home outright. Each time you staircase, you’ll have to pay for a solicitor and a valuation so it’s worth buying the biggest share you can each time.

Call the Sales team on 01733 396406 or email sales@crosskeyshomes.co.uk.


Before you call

  • Make sure your rent and service charge payments are up to date, we will not be able to go any further if you are in arrears
  • Have details about any substantial improvement work you’ve done (i.e. adding a conservatory). If you’ve done work which adds value to your home, we will make sure you benefit from it. Decorating is not considered a home improvement.
  • Have an idea of how much you would like to buy. On a small number of our developments there are some restrictions on how much more you can buy, which will be detailed in your lease and have been explained by your solicitor when you first purchased. 

What’s involved?

The process is simple. We all do some paperwork and you own a bigger share in your home. On average it takes about 10 weeks from start to finish.

  1. We arrange an independent valuation of your home and work out the cost of the share you want to buy

  2. Your financial adviser confirms you have the funds you need

  3. You appoint a solicitor and let us know their details

  4. Your mortgage provider will give you a mortgage offer

  5. The solicitors liaise before we all sign the paperwork.