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How much will it cost me to buy more shares in my home?

1 min read

We work out the cost of shares based on the current value of your home.

For example, if your home is valued at £350,000 and you want to buy another 25% share, the cost would be 25% of £350,000 = £87,500.

If you've made improvements that have added value to your home and have been approved by A2Dominion you may have to pay less.

Other costs

Other costs you'll need to pay are:

  • The cost of the valuation

  • Your solicitor's fees

You may also have to pay:

  • Stamp duty costs if you'll own more than 80% of your home after you've bought more shares

  • Mortgage arrangement fees if you're extending your mortgage to pay for the shares

If you're buying enough shares to own 100% of the property, you won't have to pay rent any more. You may still have to pay service charges and ground rent though.

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How can I buy more shares in my home?
If you've bought your home under the government's shared ownership scheme, you can buy more shares in your home - generally up to 100%. The process is called staircasing. To buy more shares you'll need to have your home valued. We'll use the value to calculate the cost of the shares.
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I've made improvements to my shared home - will this affect the cost of buying more shares?
Improvements or alterations you make to your home can affect how much you pay to buy more shares in it. If you've spent money on improving your home, we'll consider the value the improvements have added to your home when we work out the cost of buying more shares.
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Can I buy the home I'm renting?
Most tenants don't have a right to buy the homes they rent from us. You might have a right to buy your property if you’re a housing association tenant, or were previously a council tenant and now an A2Dominion tenant, depending on how long you’ve been a tenant