Shared Ownership and Staircasing in Hove – 2025 Costs, Deposits and How to Buy More Shares

24 October 2025

Shared ownership lets you buy a percentage of a home and pay subsidised rent on the rest. It can be a realistic route for buyers priced out of central Hove, with options also in Portslade and across Brighton. Understanding deposits, monthly costs and the staircasing process will help you plan your budget with confidence.

How the initial purchase works

You typically buy 25 to 75 percent to start
Your deposit is based on the share you purchase, not the full market value
You pay rent on the unsold share, plus service charges where relevant
A housing provider manages eligibility and the lease terms

Monthly cost mix to plan for

Mortgage payment on your share
Rent to the provider
Service charge and building insurance
Utilities and council tax as normal

Create a simple spreadsheet before you commit. Include a small maintenance buffer even on newer blocks.

Staircasing – buying more shares later

You can increase your ownership in stages
A RICS valuation sets the price for each staircasing step
Expect legal fees, valuation costs and a possible mortgage variation or remortgage
Some leases restrict the number of staircasing events or require permission, so check the lease early

Local examples

Buyers starting with a 30 to 40 percent share on a flat near Hove Station can staircase later as income rises
Portslade and Aldrington often offer good value for first-time buyers who plan to increase equity over a few years

Tips for a smoother process

Keep your credit profile clean and avoid new borrowing just before you staircase
Track interest rates – a well timed remortgage can lower costs as you increase your share
File every invoice and statement – your solicitor will need them for each step

If you want to map out an affordability plan and potential staircasing milestones, start a conversation via our contact page.