Homeowners

Selling back shares in your shared ownership home

Downward staircasing - a guide to selling back shares in your shared ownership home

The process that lets you sell back shares of your shared ownership home to Home Group is known as downward staircasing, sometimes also called flexible tenure.

It’s intended to help if you’re in danger of losing your home because of financial hardship so it only available in exceptional circumstances.

Downward staircasing FAQs

Shared owners can apply for downward staircasing depending on the terms of their lease. It's only available in exceptional circumstances, as it’s intended to help if you’re in danger of losing your home because of severe financial hardship.

The amount you can sell back depends on your circumstances and whether we have the public funds available to support this. We’ll consider each application individually in line with criteria set out by the government.
Shared owners are responsible for paying:
- The property valuation fee
- Their solicitor fees
- Associated Home Group legal fees
- Any mortgage redemption and administration fees

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Selling back shares in your shared ownership home

Downward staircasing FAQs

Who can apply?

When can I apply?

How much will it cost?

Get in touch with our shared ownership team