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Heylo Housing: Staircasing Your Home

by:

Andrew Boast

Last Updated: 12/12/2025

Read by:

143

4 min read

Staircasing your home through Heylo Housing has many similarities to a standard staircasing process. The amount of rent you pay is recalculated and reduced accordingly when you increase your share in the property.

Are you looking to staircase your shared ownership property? Read on to find out the differences in Heylo's staircasing process, when you can purchase shares, and the staircasing costs.

Overview of the Staircasing Process

There are several steps involved when staircasing. You’ll be able to staircase to 100% ownership of your property in most instances. This list will outline everything you need to know about the staircasing process.

Get funding in place

You will need to get your funding in place before you can purchase the next set of shares. This will be either through your savings or your mortgage in principle.

Book a RICS valuation

You will need to book an independent RICS valuation if you wish to purchase more shares in your property. This home revaluation will inform you of the valuation figure.

Send valuation to Heylo

The valuation you got from your survey is what you’ll need to send to Heylo along with the shares you wish to purchase. The cost of the shares will be based on the house's current market value.

Instruct your solicitor

You will instruct your solicitor to send over their details to Heylo. This is so Heylo can pass over the Memorandum of Staircasing to your solicitor. Your solicitor will then complete the conveyancing process on behalf of you, Heylo, and your mortgage lender. Be advised that you may have to pay Stamp Duty Land Tax.

Need Conveyancing Solicitors for your Heylo Your Home Staircasing?

Our conveyancing solicitors have extensive experience with completing staircasing for Heylo Your Home clients and can ensure that the process is carried out as efficiently and swiftly as possible.

Click to get a FREE quote for Heylo Housing Your Home Staircasing Conveyancing*

* Fixed Fee – On all Mortgage Lender Panels - National Coverage - 5 Star Reviews

How does Staircasing differ for Heylo Your Home?

If your property has risen in value when you come to staircase, Heylo gives you 75% of any rise in value via a discount.

Example of how this works

Let's say you bought your initial 10% of a property through Heylo, originally for £20,000 (so full price is £200,000). You opt to buy a further 20% but your property has since risen in value to £300,000.

Technically, your additional 20% share, which would have been worth £40,000 when you bought the property, is now worth £60,000. So the increase in value for the 20% share is £20,000.

So you pay £40,000 plus 25% of the rise in value - because you're given 75% of it - which is £5,000, so the total you pay is £45,000.

Although technically Heylo allow you to buy any additional percentage value - for example 1% - you have to factor in the costs of staircasing, which include getting a RICS valuation, Heylo's administration fee, the required conveyancing and possibly stamp duty, each time you opt to do so.

What is the cost of staircasing with Heylo?

Although with Heylo you can staircase for an additional share as low as 1%, you should budget for the total cost of any staircasing process - not including the premium you'll have to pay for the extra share - to be in excess of £1,200.

Click to find out more about Staircasing Shared Ownership and its associated costs.

Staircasing and Stamp Duty for Heylo Housing Your Home

Depending on the size and value of the share you staircase to and other factors, you may have a stamp duty liability and have to make a payment to HMRC (or The Welsh Revenue Authority in Wales) on completion: your solicitor can advise you about this.

Click if you wish to find out more about Stamp Duty for Staircasing

Need Conveyancing Solicitors for your Heylo Your Home Staircasing?

Our conveyancing solicitors have extensive experience with completing staircasing for Heylo Your Home clients and can ensure that the process is carried out as efficiently and swiftly as possible.

Click to get a FREE quote for Heylo Housing Your Home Staircasing Conveyancing*

* Fixed Fee – On all Mortgage Lender Panels - National Coverage - 5 Star Reviews

Written by: Andrew Boast

Andrew started his career in 2000 working within conveyancing solicitor firms and grew hands-on knowledge of a wide variety of conveyancing challenges and solutions. After helping in excess of 50,000 clients in his career, he uses all this experience within his article writing for SAM, mainstream media and his self published book How to Buy a House Without Killing Anyone.

Reviewed by: Caragh Bailey

Caragh is an excellent writer and copy editor of books, news articles and editorials. She has written extensively for SAM for a variety of conveyancing, survey, property law and mortgage-related articles.

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