With a shared ownership mortgage, you’ll pay around 25% to 75% of the property’s value, and you can potentially increase the mortgage amount over time to own a larger share also, known as staircasing.

While there is the obvious cost of the purchase price for the additional shares that you are buying, there are many other costs involved when staircasing in a Shared Ownership home. Generally speaking, we would recommend having around £2,000 saved for the process, however this amount can vary depending on a number of factors:


  • You will be required to pay for the surveyor report required to value the property.
  • You will need to appoint a solicitor or conveyancer to act on your behalf during the staircasing process.
  • You may need to remortgage your property to be able to afford the additional shares with mortgage fees ranging from lender to lender.
  • Depending on the value of the additional shares that you are buying, you may be required to pay Stamp Duty.


Your home may be repossessed if you do not keep up repayments on your mortgage.


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    From the start of the process up until the end, Dan has been fantastic at handling the mortgage application for us. As first-time buyers, Dan has made this an easy experience and guided us through every step and options we have been presented with. Dan has taken a lot of time to text, call and video call us between our schedules to talk about our application, which has made us very relaxed throughout the process. I would highly recommend Dan for your mortgage application and will be using him for many years to come. - November 22
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