But what does it really mean? How do you do it? How much does it cost? Why do we say “climbing the property ladder”, but the process is called “staircasing”?
We have answers to some of these questions for you.
What is staircasing?
Put simply, staircasing is buying more shares in a shared ownership property. You can do it as many times as you like until you own 100% of the property, but you do have to buy at least 10% at a time.
The actual process differs slightly depending on which of our three routes you choose to go down, and you can find out more about each of them in our Help section.
How much does it cost?
It depends on the current value of your home. If your property is valued at £300,000 and you want to buy another 25%, it’ll cost you £87,500 (25% of £300,000).
If you’ve made improvements that have added value to your home (and we’ve said it’s ok), you may pay less when you buy extra shares.
There are also other costs such as fees for solicitors and surveyors, and you may need to pay stamp duty depending on what percentage of your home you’ll own afterwards.
We love owning a home with you, but once you own 100% of your home you won’t have to pay us rent anymore (although you may still pay a service charge or ground rent).
But don’t take our word for it - we spoke to A2Dominion customer Richard, who now owns 100% of the shared ownership property he bought with our help, to find out what difference it has made for him and his family…