Everything you need to know about purchasing more shares, also known as staircasing, can be found below.
You can increase the ownership of your home at any time by purchasing additional shares – this can be as little as a 10% share.
The share you purchase will be based on the current market value of your home, which is determined by an independent RICS qualified surveyor. For more details about the surveyors on our panel, please download this PDF.
With each share that you purchase, your rent reduces and when you reach 100% ownership, you no longer pay us rent, although you are still liable for service charges and ground rent (if applicable). Your lease contains information that explains how to increase your ownership. Your rent account must be up to date and you will be asked to provide details of any home improvements you have carried out. Before you apply to staircase, it is wise to speak to your mortgage lender or an independent financial adviser to ensure you will be able to get a larger mortgage. You also need to take into account the costs of legal fees and any additional mortgage fees you will incur in the purchase.
Our Homeowner's Handbook gives further information about purchasing further shares so please take a look before applying. Before you submit your application, you must ensure you have registered all improvements you have made with us, and obtained a valuation report. Once you are ready to apply, please log in to your MyMoat account, to access the application. If you do not have a MyMoat account, it's easy to set one up; simply visit moat.co.uk/mymoat and click on ‘sign up’. Enter your email address, surname, date of birth and set up a password. You will be emailed a verification link which you will need to click to activate your account and you’re ready to go.
Please note that the information you enter to set up your MyMoat account must match the details we have for you on our system.