100% staircasing on Shared Ownership

Bargain_Rzl

Sorry if these are dumb questions!

I currently own a 40% share of my Shared Ownership property, on a Nationwide repayment mortgage.

If in the future I decide to staircase to a 100% share - whether or not I do this will depend upon market conditions and my personal circumstances at the time - will I then have access to a full range of lenders, or is there some reason why some lenders would still refuse to lend on the property (all other things being equal)??

And in this scenario, I am assuming that my existing equity would be seen in the same light as a monetary deposit on the property... am I right?

Thanks!

Mr_helpful

Yes most lenders dont have a problem with you buying 100% of the property though I have seen some schemes that will not let you buy more than 80%.

Bargain_Rzl

Thanks Mr Helpful

My scheme does allow staircasing up to 100% - if it didn't, I would not have asked. However, as I said in my OP, it remains to be seen whether I will ever choose to buy the remainder of it. It all depends on my finances, how fast I manage to pay off my existing mortgage, and what happens to property prices and the potential of other investments in the meantime.