This is the name given to the process where you buy further shares in your property. Shared ownership leases usually allow you to staircase in multiples of either 25% or 10% until you own the property outright but you will need to refer to your own lease for specific details.
Usually you can purchase all the remaining shares but in some rural areas this may be limited to a maximum of around 80%.
A current valuation has to be carried out on the property before solicitors can be instructed, and must be valid at date of completion.
Should you require further information on staircasing please contact the Home Ownership team on 01803 200300 or use this online Contact Us form.