Staircasing

When you bought your home through the FTBI scheme your mortgage and any deposit you paid was set at a percentage of the total purchase price of the property. The financial help you received through the FTBI scheme made up the remaining percentage of the property value.

If you want to repay your FTBI loan, either in part or in full, without selling this is known as a staircasing. If you want to sell your home to repay your loan please see the section on repayment.

You can staircase at any time as long as three months have passed since you purchased your property. You can staircase either 10%, 20%, 30% or 40% of your home's market value as long as the FTBI loan is worth at least 10% of the market value after the transaction. Alternatively you can pay back the full loan amount.