Its up to you whether you want to buy the reapir kit or a whole new valve. A repair kit would probably resolve your problem, although it may just be easier to replace the whole valve. The temperature of the water depends on the flow speed leaving the tap eg. if you require very hot water, turn the tap down to a slower flow. There is no internal regulation of the hot water temperature
Joe from AOC Plumbing & Heating Services, February 2006