Shared ownership valuation for staircasing or selling
A RICS valuation of your shared ownership home, prepared to your housing association’s requirements, so the price of a further share, or of your sale, is set on evidence.
When do you need a shared ownership valuation?
Check with your housing association first: some instruct the valuer themselves, or keep a list. If yours asks you to arrange it, we can.
Buying more shares
Staircasing. The price of each further share is a percentage of the home’s value today, so the valuation sets what you pay.
Buying the home outright
Staircasing to 100% ends the rent and most of the lease restrictions. The valuation sets the price of the final share.
Selling your share
Your housing association uses the valuation to set the price, and often has the first chance to find a buyer.
Your valuation has run out
Valuations are normally accepted for three months. If yours expires before completion, ask whether an update from the original valuer is accepted.
What a shared ownership valuation must do
Independent and RICS registered
A RICS Registered Valuer with no link to the sale. Estate agent appraisals and mortgage valuations are not accepted.
Your improvements set aside
Work you have paid for, such as a new kitchen or an extension, is normally left out of the figure, so you do not pay for value you added.
Repair assumed
The home is normally valued as if in the repair the lease requires, so neglected repairs do not lower the price.
Your lease and your housing association set the exact basis. The report states the basis it was prepared on, so the figure can be checked against it.
Valued as if your improvements were not there
Work you have paid for is set aside, so you do not pay for value you added. Comparable sales are adjusted to match the home as it would be without your improvements, and the report shows the working.
What is a shared ownership valuation?
A shared ownership valuation is a RICS valuation of the full market value of a shared ownership home. Your housing association uses it to price a further share when you staircase, or to set the price when you sell. It is prepared by a RICS Registered Valuer independent of the sale, normally leaves out improvements you have paid for, and is usually accepted for three months from the inspection.
- Who asks for one
- Your housing association, when you apply to staircase or to sell.
- What you get
- A Red Book report of the full market value, addressed and set out as your housing association asks.
- What it is not
- It is not a survey of the home’s condition, and it is not your lender’s mortgage valuation.
- Who books it
- Some housing associations instruct the valuer themselves. Check with yours before you book.
How much does a shared ownership valuation cost?
Your fixed price is confirmed in writing before you instruct us. Your housing association charges its own fees for staircasing or selling, which are separate from ours.
What moves the price
- The size and value of the home
- A larger or unusual property takes longer to find comparable evidence for, which is where most of the work sits.
- Improvements to set aside
- Where work you have paid for has to be left out of the figure, the valuer has to establish what the home was worth without it.
What the fee covers
- The inspection inside and out, and the measurements
- The comparable research behind the figure
- A Red Book report by a RICS Registered Valuer
- VAT
From enquiry to report, without the chasing.
Tell us the property
Address, type and roughly when you need it. About two minutes.
Get a fixed price in writing
A firm figure within the hour in office hours. Not an estimate, not a range.
Confirm and sign
We send the terms of engagement to review and sign electronically.
We arrange access
We deal directly with the seller, agent or keyholder to book the inspection.
The inspection
A local RICS surveyor attends and inspects the property.
Your report, and answers
You get the report, and anything in it you want explaining, we explain.
Questions we get asked.
Can I choose my own valuer for staircasing?
It depends on your housing association. Some instruct the valuer themselves, some keep a list, and some ask you to arrange one. Check before you book; if yours asks you to arrange it, we can.
How long is a shared ownership valuation valid for?
Usually three months from the inspection. If completion runs past that, ask your housing association whether it accepts an update from the original valuer or needs a new inspection.
Will the improvements I have made raise the price?
Normally not. Shared ownership leases usually let improvements you have paid for be left out of the valuation. List them, with dates and receipts where you have them, and tell us before the inspection.
Does disrepair lower the price of my share?
Usually not. The home is normally valued as if in the repair the lease requires, so repairs that have been put off do not reduce the price.
What if I think the figure is wrong?
The report sets out the sales it relies on, so you can see how the figure was reached. If you know of sales we have not considered, send them to us and the valuer will look at them. The figure changes only if the evidence supports a change.
Can my mortgage lender use this valuation?
Usually not. Your lender will normally instruct its own mortgage valuation. The shared ownership valuation is for your housing association.
Do I need to be at home for the inspection?
Someone needs to let the valuer in, because the inside of the home must be inspected. It does not have to be you.
Shared ownership valuation near you.
Every area below is staffed by RICS surveyors who work there. If we cannot cover you properly, this site will say so rather than take the booking.
Other valuations and surveys
RICS Home Survey — Level 2
A conventional house or flat, built this century or last, in reasonable order
RICS Home Survey — Level 3
Older, larger, altered or extended, or anything already showing signs of movement or damp
RICS Residential Valuation
You need a figure rather than a condition report, for probate, Help to Buy or shared ownership
Staircasing or selling?
A firm price in writing, a local RICS Registered Valuer, and a report your housing association can rely on.
Get your fixed quote →