Staircasing

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

The process of buying additional shares in a shared ownership property over time, increasing the percentage owned outright.

Related glossary terms

Freehold

Ownership of a property and the land it stands on for an unlimited period, rather than for a fixed lease term.

Stable Currency

An informal lender label for currencies regarded as relatively reliable for affordability assessment, such as the US dollar, euro, or Swiss franc.

Title Deeds

The documents that show the history of ownership and rights affecting a property, primarily evidenced through HM Land Registry.

Arrangement Fee

A charge by some lenders for setting up a mortgage product, either paid upfront or added to the loan amount, affecting overall cost calculations.