Jrny buys your house and then leases it back to you for up to 8 years (although you're free to buy it or cash out at any point after 24 months).
Over that period, you pay a monthly payment: part rent and part Equity Credit contributions that are saved in your Jrny Wallet. The Equity Credits will increase as the home's value grows.
When we buy the house, you deposit an initial 2% Equity Credits which are saved in your Jrny Wallet. Every year after that, you contribute 1% Equity Credits so that by the end of the 8-year lease, you'll have 10% equity linked to the current market value of the home.
Any time after the 24-month mark, you can convert your Equity Credits in your Jrny Wallet into a deposit on the home or cash them out at the prevailing market value (as determined by an independent RICS-qualified surveyor).