Staircasing
When Staircasing you will purchase shares at the current market value and, in order to determine this, a new valuation of your property will need to be carried out. Whilst Circle Anglia will arrange this for you, you will be responsible for the costs of the valuation together with any additional legal fees.
In some rural areas, your ability to buy further shares in your home may be restricted. These arrangements are usually limited to rural areas and are intended to provide a means of keeping low cost housing for rural communities. Circle Anglia will inform you, at the outset, if the home you intend to buy falls within this restriction.
Upon completion of your Staircasing, your rental payments will reduce to reflect your increased share in the equity of your property. Should you staircase up to 100% there is no rent to pay. However, and as mentioned previously, you will be liable for the payment of any ground rent or service charges, if applicable.
For more information on purchasing further shares in your property, please contact the Sales and Business Support Team at:
6 Central Avenue
St. Andrews Business park
Norwich
NR7 0HR
T: 0845 834 0791
E: sales-admin@circleanglia.org
Please note, if you are a Russet Shared Owner interested in staircasing, please contact Lena Martignetti on:
Tel: 01732 781936 or Email: lena.martignetti@circleanglia.org.