….leasehold house or flat. This can be a new build or a resale. You will take a mortgage on the share you own, with a subsidised rent being paid to the relevant housing association on the remaining percentage, along with any service charges and ground rent. You will have the choice to buy further shares to increase your ownership up to and including 100% (known as ‘staircasing’). The price of buying further shares will be determined by an independent valuation at the time that you purchase the additional shares. If you proceed to increase your shares in your home, your monthly mortgage payments would go up but your rent would go down. If you proceed to 100% ownership you would then only pay your mortgage.