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For shared owners

Are you looking to buy more shares of your Shared Ownership property? Or maybe you’re looking to move to a new home? If you’re a shared owner, this section will provide some helpful information about staircasing, selling your home, resale properties and your lease agreement.

Thinking about becoming a shared owner? Read more about the Shared Ownership application process and finding your new home.

Buying more shares

After you buy your home, you can purchase more shares in your property via a process known as staircasing. Your lease will tell you the minimum percentage you can buy, but this is normally at least 10 per cent. For example, if you own 50 per cent of your property, you can staircase to 60 per cent.

The cost of your new share will depend on the value of your property. An independent valuation will need to be carried out by a RICS accredited surveyor at the time of your application. You will select a surveyor from a list provided by the staircasing team and will have to pay the costs of this valuation and all other legal and mortgage related costs.

Once you staircase to 100 per cent ownership you will no longer pay rent, but you may have to pay ground rent and service charges if you own a flat, or estate maintenance charges if you own a house.

Some properties limit the maximum equity you can purchase to ensure the availability of affordable Shared Ownership homes in an area; for example, properties within a designated protected area are limited to 80 per cent ownership. You should check your lease to see if this applies to your property.

If you’re thinking about buying more shares, please contact us to discuss your options.

Contact the staircasing team

Buildings insurance

All Clarion Housing, Shared Ownership properties are covered by buildings insurance. If you need to make a claim against the policy then please contact us as soon as possible. Please do not arrange any repair work until you have received permission from us or the insurance company.

Subletting your Shared Ownership property

Under the terms of your lease, subletting is prohibited; however, there may be exceptional circumstances that we will consider on a case by case basis. Please contact us to discuss your options.

Making changes to your Shared Ownership property

Your lease will explain what changes you are allowed to make to your property. In most cases you will need our permission, so please contact us before carrying out any works.

Selling your home

If you are thinking of selling your Shared Ownership home, we can provide you with advice and send you a resales information pack with useful details about the process. Under the terms of your lease, Clarion Housing has the opportunity to sell your property first - this is known as the nomination period. Your lease will define how long this is (normally eight weeks). If we fail to find a buyer within this period then you can sell your share on the open market.

Search for Shared Ownership properties

Contact the resales team

Further information

Download the Neighbourhood Management Policy which provides detailed information about the effective management of the neighbourhood environment around Clarion Housing homes and shared communal areas.

What is shared ownership

What is Shared Ownership?

Shared Ownership is an excellent way for people to take their first step onto the property ladder and become home owners.
Contact us

Get in touch

If you're thinking about purchasing a Shared Ownership property, staircasing or re-selling your home, then get in touch with our team.