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.