Buying Out
You can buy a bigger share of your home any time after you join Co-Ownership. You can do so in chunks of 5% of your home’s value right up to 100% full ownership.
You can increase your share either by using a lump sum, or increasing your mortgage. Your lender or mortgage adviser should be able to tell you how much you could increase your mortgage by.
Buying Out and the Equity Sharing Lease
We recommend that you consider buying a larger share of your home as soon as you can. When house prices rise, the amount due to us will also rise. Our shared ownership arrangement means that when you sell or buy a greater share of your home, we both benefit from any increase in value or share in any loss if the value goes down, as agreed when you signed the Equity Sharing Lease at the beginning of your Co-Own journey. To recap what the Equity Sharing Lease means click here.
Once you are ready to request a valuation you can do this in your online account. If you need help with this click here, or call us on 028 9032 7276.
