An introduction to Staircasing
Buying more shares in your home is called 'Staircasing' and most leases allow you to do this to a point where you own your home outright. The price you pay for the additional shares is based on the market value of your home. You may staircase in separate stages, or in one stage to 100%. The minimum share you can buy is 10% of the unsold equity.
Who is eligible?
Most Shared Owners may staircase. In a few cases your lease may limit the share of your home you may buy. This usually applies to homes in rural locations; you can find detailsin your lease.