STAIRCASING

Did you buy your home through shared ownership? Would you like to own the whole lot?  Or maybe just a little bit more?  It could be easier than you think...

If you've bought your home through the New Build HomeBuy scheme (shared ownership) you can purchase a bigger stake in your property as and when you can afford it. 

This is known as "staircasing".  You don't need to buy the whole lot.  You can acquire more shares in your home in small, manageable chunks.  And you may be interested to know that buying outright may not cost as much as you think.

In many cases, the cost of monthly payments on a 100% mortgage are only marginally higher than the combined shared ownership mortgage and rent you currently pay.

We're working with independent financial advisers, Mortgage Warehouse Corporation, to offer you free, impartial advice on buying more shares in your home.

Though you will need to pay for a valuation and legal fees, there are lots of competitive deals out there at the moment to encourage outright ownership. 

So why not get in touch and find out about owning the whole of your home? Contact Plumlife on 0161 447 5050 and ask for Adelle or Nikola, or email enquiries@plumlife.co.uk

It could be your staircase to ownership heaven!!

 

 Jo Ashton from Blackpool, pictured above with her daughter Ella.  Jo successfully staircased her way to outright home ownership five years after buying a 50% share of her home