Staircasing: buying a bigger part of your home

You’ve already taken the first step towards buying your own home with Shared Ownership. When you’re ready to take another, we’re here to help.

What is staircasing? 

If you’d like to own more of your home – or even buy it outright – we can guide you through the process of buying more shares in your property, and help you decide if it’s right for you. 

Owning a bigger part of your shared ownership home – or even owning all of it – comes with many benefits: 

  • You’ll reduce the amount of rent you pay to us as you only pay rent on the share you don't own
  • If you decide to sell your home the more shares you own will lead to more profit if the value of your home has increased
  • If you own 100% of your home, in most cases you can sell it on the open market using an estate agent of your choice, and you’ll benefit from any profit made
  • Becoming the outright owner means you can maximise the profit from any major home improvements you carry out if you choose to sell

How does it work?

The process of buying extra shares, and increasing how much you own of your home, is called ‘staircasing’. There are two options available when staircasing:

01. Interim – Buy a little bit more at a time 
You can buy additional shares in your home in stages, in minimum 10% increments (unless specified differently in your lease). The amount you pay us in rent will go down as the amount of the property you own goes up.

02 . Final – Buy all the remaining shares in your home 
You can buy the remaining shares in your home to reach 100% ownership, either in one payment or after several interim transactions. When you have bought all the shares in your home, you’ll own your home outright and will no longer be a shared owner, and will no longer need to pay rent to Sovereign (service charges and ground rent may still apply). You’ll now be classified as a leaseholder or a freeholder, depending on your lease.

Still have questions? 

We've put together an overview below of our Frequently Asked Questions. If you'd like to discuss your application or would still like further details, you can contact the team on or 0300 330 0718