We work out the cost of shares based on the current value of your home.
For example, if your home is valued at £350,000 and you want to buy another 25% share, the cost would be 25% of £350,000 = £87,500.
If you've made improvements that have added value to your home and have been approved by A2Dominion you may have to pay less.
Other costs
Other costs you'll need to pay are:
- The cost of the valuation
- Your solicitor's fees
You may also have to pay:
- Stamp duty costs if you'll own more than 80% of your home after you've bought more shares
- Mortgage arrangement fees if you're extending your mortgage to pay for the shares
If you're buying enough shares to own 100% of the property, you won't have to pay rent any more. You may still have to pay service charges and ground rent though.