You can buy further shares in your home and progress to buying the property outright. This is called ‘staircasing’.
Staircasing can take place at any time after the first 12 months of occupation of the original leaseholder.
If you decide to staircase, you will be responsible for costs involved in valuing your home. The valuation will be carried out by an independent RICS valuer. Any improvements you have made will be disregarded in the valuation.
You will be notified in writing of how much the further share will cost and upon completion your rent payment will be reduced accordingly.
If you wish to staircase, you will need to submit your request in writing to us at:
Futures Housing Group
Asher Lane Business Park
Alternatively you can email your request in writing to firstname.lastname@example.org.
You will be given three months to complete the purchase of the further share. If the purchase takes longer for any reason it will be necessary to obtain an up-to-date valuation, for which you will have to pay an additional charge.