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    • G147
    • By G147 5th Dec 17, 9:37 PM
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    G147
    Staircasing to 100%
    • #1
    • 5th Dec 17, 9:37 PM
    Staircasing to 100% 5th Dec 17 at 9:37 PM
    Looking for some guidance.... Thank you!

    I originally bought a 25% share of a flat with Circle housing association and have staircased previously to 50 and 80%.
    I'm now in a position to staircase to 100%.

    However on contacting the housing association it has moved to Clarion.

    They are asking me to complete a full financial assessment, and to pay £500 to them for administering the transaction (it would be £250 if it was to <100%).

    Previously I have not had to do either of these things so I want to understand if I do indeed need to pay the fee and provide the financial details.

    As I am staircasing to 100% I can't see why they need to know my financial details as I will no longer be paying the, rent. I understand why I had to do this originally to be eligible but it now seems irrelevant.

    For the fee, I've never been made aware of this, and it is quite a significant amount with no justification from them as to why despite asking. Can I challenge this?

    Thank you!
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