Frequently Asked Questions
Can I increase my share?
Yes. We call this 'staircasing': a convenient way to increase your share until you own your home outright. You are not under any obligation to do this. Flexibuy is all about giving you options - you decide the level of ownership you want. The price of buying further shares is set by an independent valuer on the basis of the market value at the time you choose to staircase.
Will I be responsible for repairs and maintenance?
Whilst you rent through Flexibuy, then no, but should you opt to buy you become responsible for repairs. As the shared or full owner you will be fully responsible for conducting all repairs, decoration and maintenance work to ensure your home is kept to a satisfactory standard.
Can I alter or improve my home?
Yes. But you must seek our permission first before making any alterations or modifications. You may also need to get permission from your mortgage lender. The cost of all alterations and improvements will be your full responsibility.
What happens if I want to move?
Simple! As a tenant under Flexibuy you just need to give us one month's notice of your intention to leave. If you have opted to buy your home, just sell your share to someone else. We provide a full selling pack which gives you the details of how to sell. If you own 100% of the property, you can simply place your home on the open market.