As a shared ownership leaseholder you can buy further shares in your home to reduce the amount of rent you pay to Aspire Housing and move up the ladder to eventually own your own home.

This process is known as staircasing.

The greater the share you buy in your home the less rent you will pay. If you staircase to 100% you become an outright owner and will no longer have to pay rent. You don’t have to staircase – it is entirely up to you.

In the majority of cases, there are no restrictions in terms of who can staircase. However, there are some exemptions. These apply to Rural Developments, Extra Care Villages and some bungalows.

You reduce the amount of rent you are paying

If you purchase 100%, no rent will be payable

When you decide to sell, the greater the percentage you own the more you will benefit/profit if the value of your home has increased

If you own 100% of your home there are no restrictions when you come to sell on the open market eg selling to soneone who meets the eligibility criteria for Shared Ownership