Want to own more of your own home?

Try Staircasing! Staircasing is the term used to describe shared owners buying additional shares in their homes.

Through Staircasing you can make that move from shared owner to outright owner. There will also be certain responsibilities that you will be free from once you own all the shares in your home, meaning greater freedom and flexibility for you.

Although it should be a stress-free process, it is a big decision and one that should be taken seriously.

With TVH you can buy additional shares from a minimum of 10% through to 100% of your home.

As you increase your shares, your rent will decrease, and if you own 100% of your home you will no longer have to pay us rent. (If you pay a service charge this will still need to be paid to cover things like the upkeep and cleaning of communal areas).

How to Staircase

To begin Staircasing, the first thing to do is to get in touch with our Sales and Marketing team. You can email them at sales@tvha.co.uk or telephone 020 8607 0550.

We will take you through the whole process.
It’s always a good idea to do some research before you start spending any money. We suggest you investigate the current price of your home (remember your additional shares will be purchased based on the current market value of your home).

You can get an idea of what your property is worth by visiting websites such as Zoopla or RightMove. Also, why not give your local estate agent a call and see what they have to say?
You’ll also need to work out how you will fund the additional shares. Once you know what your property is roughly worth, you can contact an Independent Financial Advisor or any local banks to see what level of mortgage you’re eligible for. We can also provide details of Independent Financial Advisors with experience in shared ownership.
After this, if you decide you want to go ahead, you will need to obtain an independent valuation from a surveyor who will need to be a member of Royal Institute of Chartered Surveyors (RICS).

The cost of this valuation should  be around £170 (+VAT). Any major structural changes made to your home since you moved in (i.e. additions such as conservatories or garages) will be accounted for in the valuation.
Once you have your valuation and your mortgage, it should be a fairly quick process that will take around 4-8 weeks. We will cover  our solicitors costs but you will have to pay fees for your solicitor and extra costs such as mortgage charges, land registry fees and stamp duty.
The important thing is to work with us. Be sure to get in touch with us before spending any money.

You can check your shared ownership lease for the full Staircasing procedure or visit our new dedicated sales and shared-ownership website www.tvhsales.co.uk


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