Yes. This is called ‘staircasing’.

You can normally buy all the remaining shares until you own your home outright, but sometimes the level of shares you can buy is capped.

The number of shares you can buy in each transaction will be set out in your lease. Some leases now allow you to buy shares from as little as 1%.

The price you pay will depend on how much your home is worth at the time you buy more shares. The property will need to valued by a RICS qualified valuer the cost of which is usually covered by you.

The rent you pay will reduce proportionately to the number of extra shares you buy.