What is Staircasing Mortgages?
A shared ownership mortgage can be an excellent way for people who would ordinarily be unable to buy a home to get their foot on the housing ladder as it allows you to effectively buy a part of a property in conjunction with a house builder or housing association. It means that you take out a smaller mortgage to repay for the part of the property that you have bought, and usually with a smaller deposit.
One of the biggest benefits to buying a shared ownership property is that it can give you the option of a process known as `staircasing`.