Increasing the share you own
Once you have bought your shared ownership home, you don’t have to stop there. You can buy further shares, and this process is known as staircasing. Our leases state that you can buy more shares in your home 12 months from when you moved in. By increasing the percentage you own, you will decrease the amount of rent payable, and when you come to sell your home, the greater percentage you own the more profit you will make if the value of your home has increased.
Selling your home
If you wish to sell your home and you own less than 100%, Hackney Council can nominate prospective buyers who are eligible and already in the market for a shared ownership purchase. However, once you own 100% you'll be free to sell your home on the open market.
More information can be found by contacting Hackney Council's Leasehold team.