CAN I BUY MORE EQUITY IN MY HOME?

After a set period you may be eligible to purchase more equity, or even purchase your home outright, if you wish. The important point is that it is you who decides what is right for you. You do not have to buy additional equity in your home if you do not want to.
As you only pay rent on the part that you do not own, the more equity you own the less rent you pay. Should you decide to purchase your home outright in the future there will not be any rent payable.

If you tell the housing association that you wish to purchase additional equity in your home, they will instruct an independent valuer from the Royal Institution of Chartered of Surveyors to determine its current market value and the price you pay for any additional equity will be based upon this valuation. You will have to meet the cost of this valuation.