Staircasing in Shared Ownership Properties
Staircasing in Shared Ownership Properties allows owners to gradually increase their stake in their shared ownership property. In the world of property ownership, shared ownership has become an increasingly popular choice for many individuals and families. It provides an opportunity for those who might not be able to afford full ownership of a property to step onto the property ladder. However, shared ownership comes with its own set of unique challenges and intricacies, one of which is the concept of “staircasing.” In this article, we will delve into what staircasing is, how it works, and why it’s essential in shared property valuation in the UK.