A housing association has seen a 50 per cent surge in staircasing enquiries.
Platform Home Ownership, which operates across the county, says staircasing is an affordable option for those looking for full home ownership.
Staircasing allows shared ownership buyers to gradually increase their owned share over time until they own the property outright.
Conditions may differ from one period of staircasing to the next, with each increase in equity subject to a valuation from an accredited surveyor.
Laura Hathaway, staircasing and resales manager at Platform Home Ownership, said: "The surge in staircasing enquiries we've seen over the last nine months is a reassuring demonstration that home ownership remains a great aspiration for our shared owners.
"Seventy-two per cent of our customers staircase to full ownership and 28 per cent staircase on an interim basis, moving them closer to their full ownership goal and financially securing their future.
"We’ve even recently had a buyer, who purchased their first share in their home seven years ago, recently complete staircasing to full ownership."
Shared ownership allows home seekers to purchase a share of their home and pay rent on the remaining amount, typically buying between 10 per cent and 75 per cent of the property’s full market value.
This lowers the amount needed for a deposit.
Platform has seen a 179 per cent increase in sales at this stage of the 2024/25 financial year compared to the previous year.
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