Staircasing (shared ownership)

[LuLu345678]

I have a 1 bed flat in London, which I own a 60% share of. I am in the fortunate position where I can now afford to staircase to 100%.
However, I’m not sure if it’s worth doing. Does anyone have any insight?
for context I would need to pay about £35,000 (almost all of my savings) including fees and stamp duty. The overall monthly mortgage payment would be about £100 more than I spend now on the mortgage and rent. So I can afford that. However, ideally I would like to move to somewhere bigger in 2-3 years so I would then have to forkout another few grand in fees and stamp duty! I am single at the moment.
I would have more freedom on selling if I owned it outright and I could also rent in out if I owned it (if my circumstances changed for any reason).
I’m torn on what to do. Does anyone have any advice please? Would I be unreasonable for not stair casing even I though I can?

Selling a shared ownership can be very tricky.

House prices have slumped. It’s probably a good time to staircase in that regard. If you do you are at least fully repaying your mortgage and not dealing with ever increasing rents.

It’s a quandary but my instinct would be to own outright when there is so much uncertainty at the moment.

Absolutely go ahead with it. There's no reason not to.

I didn't bother, I sold my shared ownership just outside of London after one open morning and had six asking price offers.
Shared ownership can be a risk in some places. Not really in London. I made a good profit on mine at 60% if you only intend to stay another couple of years it's not worth the legal fees and stamp duty. Mine was keyworker linked so actually it remaining shared ownership with the same criteria helped because the people looking couldn't have afforded 100% , it also meant once the sale was agreed my buyer wasn't going anywhere because it's a valuable opportunity in London.