What is a shared ownership valuation?
A Shared Ownership valuation is an independent opinion of a home’s market value. A housing association or other provider may request one when you want to buy an additional share (staircase) or sell your share. The valuation can help the provider establish the property value used in its process.
When might you need one?
The provider’s lease, current guidance and transaction type determine the valuation basis, required inspection, report format and how long the valuation can be used. Check these details with your provider before instructing a surveyor, particularly if there are prescribed forms or time limits.
What to expect
- Ask your housing provider for its current valuation instructions and any forms the surveyor must complete.
- We agree the valuation purpose, date, scope and required documents before confirming the instruction.
- The surveyor assesses the property and prepares a report for the agreed purpose.
- Send the report to your provider and follow its process for staircasing or resale.
RICS Red Book standards
We adhere to the RICS Valuation – Global Standards, commonly known as the Red Book, when preparing formal valuations. The agreed instruction defines the valuation purpose, date, basis, scope and assumptions for each report.
Important information
A valuation is not a mortgage offer, legal opinion or guarantee that a provider will approve a transaction. Provider requirements differ, so please confirm them before booking. Our formal valuation work is prepared in accordance with the RICS Valuation – Global Standards (the Red Book), subject to the agreed purpose and scope.
Every instruction is specific to the property and intended use. Contact us to discuss the requirements and provide any forms or guidance you have received.