What is staircasing?

Staircasing is where your customer can buy a bigger share of their property from their housing association, helping them build more ownership over time.

If your customer currently has a Kent Reliance shared ownership mortgage and wants to staircase, we're still here to help.

1

Agreement in Principle

Download and complete the further advance AIP & application form and email it to furtheradvance@krbs.com.

This form provides us with:

  • The authority to speak to you on your client’s behalf

  • The information to generate a Mortgage Illustration for your client

  • Your client's consent to run an Agreement in Principle.

Has there been any substantial alterations or structural changes to the property since the original first charge was registered?

Please provide any documents relating to any alterations to the property since the first charge alterations, including but not limited to:

  • Planning permissions

  • Building regulation approvals

  • Any other relevant consents.

Are there any subsequent charges registered after Kent Reliance’s first charge?

Please provide us with any information about additional charge holders on the existing mortgage. To complete the process, the Bank will need to contact them so our Deed of Postponement can be completed to ensure their charge ranks behind the Bank’s first charge and further advance in priority.

You should have a response to the Agreement in Principle within 48 hours.

2

Confirm full application

Once your client’s enquiry has been agreed and we have advised you of the outstanding documents, please arrange for the client to call us on 01634 835791 to pay the fees. Once the fees have been paid and you have emailed the outstanding documents to furtheradvance@krbs.com we will then underwrite the application.

Please note we're unable to underwrite your case until we have receipt of the administration and valuation fees.

3

Completion

Once all required documentation has been provided and accepted by the underwriter, and subject to an acceptable valuation report, a mortgage offer will be issued.

Once you've checked that you and the applicants are happy with the offer please arrange for the applicants to sign and return the Acceptance of Offer – Applicant(s) form, to us so that we can proceed with the completion.

For limited company applications, the guarantor(s) will also need to sign and return the guarantor(s) acceptance of extended guarantor obligations form, to us so that we can proceed with the completion.

For individual applications, there is a 7 day cooling-off period. For limited company applications, there is a 14 day cooling-off period. If the applicant(s) wish to waive this period, we will require confirmation in writing.