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How to buy more shares in my home

'Staircasing' is the term that refers to increasing your share in the property you own.

You can do it gradually over time, to eventually own 100% of your home.

The cost of additional shares is calculated by the market value of your home when you decide to start staircasing. As you buy more shares, your rent will reduce, but your service charge will stay the same.

Some properties may have a cap on the amount of shares you can buy.

If you would like to discuss this further please contact the sales team on 01305 216153 option 1 or sales@magna.org.uk  

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