You'll need to pay for an independent valuation will be carried out on your home by RICS registered surveyors.
When you have received the valuation you will need to work out whether you want to buy some more shares (in minimum 10% share tranches) and if so, how many. The valuation will be valid for 3 months.
If you are purchasing more shares in your property, but not the full 100%, we’ll put you in touch with an independent financial adviser who will help you work out how much more you can afford to buy.
We’ll then send you an offer which will detail how much it will cost and what your new rent will be. There will also be a list of any fees payable.
If you are buying 100% then you will own the property outright and there will be no rent payable any more although you will still be liable for service charges.
Like any legal process, you’ll need to appoint a solicitor and find a mortgage, unless you are buying more shares with cash.
The lender will value your property and will issue a mortgage offer if this is required.
The solicitor will advise you and provide new documents for you to sign.
Once all this is done you’ll be the proud owner of even more of your home!