Shared ownership

Staircasing information for Yarlington Housing Group shared ownership residents

This information is for residents with a Shared Ownership Lease. It explains how you can increase your ownership by purchasing additional shares in your property. If you have any questions or require additional explanations, please ask and we will be happy to go through the information in more detail.

What is staircasing?

Staircasing means increasing the size of your share. You might start off with 25%, but gradually buy more shares to own 50% or even 100%.

You are entitled to increase your ownership by purchasing additional shares when your lease is at least 12 months old. Your lease contains information that explains how to increase your ownership. It is important to carefully consider all the costs related to the staircasing process before you proceed. When you apply to us to increase your ownership, your rent account must be up to date and must remain so throughout the staircasing process.

Steps to staircasing

  1. The first step is to contact us to express your interest in purchasing further shares in your shared ownership property. At this stage you should provide details of any home improvements you have carried out with Yarlington’s consent (see FAQ on back page). You can email us on
  2. We will make the necessary enquiries to ensure that you have the right to purchase further shares and that your rent account is up to date. We will then write to you with the terms and conditions of purchasing further shares.
  3. You must agree in writing to the terms and conditions which include your written authority that you will pay the valuation fee. You must also provide the name and address of the solicitor who will be acting for you.
  4. We will then instruct an independent surveyor (FRICS/MRICS registered) who will then value your home.
  5. As soon as the property valuation is received we will calculate the purchase price of the shares you wish to buy. After you have paid the valuation fee we confirm the purchase price and all other details to you by way of a formal offer letter.
  6. No further action will be taken until you confirm in writing that you accept the figures and wish to proceed.
  7. Our legal services team will start the legal process and pass on all relevant information to your solicitor. Both parties will then work together to agree a completion date.
  8. If you have purchased 100% of your property and you do not pay us service charges you will no longer have to pay rent or have any further communication with us. If you have purchased the full 100% of your property and you currently pay service charges, these will continue. If you are not purchasing the full 100% we will contact you after completion to re-confirm the revised rent and/or service charges.

Frequently asked questions

How is the purchase price of the shares calculated?

When you staircase you buy the additional shares at the current market value of the property. For example, if you wish to purchase an additional 25% share and your property is valued at £100,000 the purchase price will be £25,000. This means that if your home increases in value you buy the new shares at the increased value.

What is the minimum share I can purchase?

You may increase your ownership in separate stages or in one stage to 100% (depending on the restrictions in your lease). The minimum share you can purchase must be at least 10% of the unsold equity (subject to the terms of your lease).

Will I still pay Yarlington Housing Group for my buildings’ insurance after completion?

If you have purchased the full 100% of your property you will need to arrange your own buildings insurance cover to commence from the date of completion. However, if you have purchased the full 100% of your flat, you will continue to pay your current monthly buildings’ insurance premium to us.

What if I have made improvements to my property?

When you apply to staircase, please notify us of any improvements you have carried out. Please remember that you need to request permission from us before carrying out any improvements to your home.

After receiving the details of any improvements we will write to you to confirm which agreed improvements will be taken into consideration when the property valuation is carried out.

Please note it is the added value that the improvements bring to your property and not the actual cost of the works that are taken into account.

What improvements will Yarlington accept?

Improvements which are subject to the terms of your lease, however such improvements considered may include; double glazing, new fitted kitchen/bathroom, installing central heating, loft conversions and conservatories. General maintenance, repair and redecoration are not regarded as improvements.

For all STAIRCASING ENQUIRIES please contact our Shared Ownership Coordinator on 01935 404615

Contact our sales team on 01935 404006 or email