Shared Ownership Valuation
If you own a shared ownership property, you’ll usually need an independent valuation prepared by a RICS Registered Valuer before buying additional shares, selling your home or progressing certain transactions.
Our Shared Ownership Valuations provide an objective assessment of your property’s current market value, helping you move forward with confidence. Whether you’re staircasing, selling your property or have been asked to obtain an independent valuation, we’ll provide clear advice and a professionally prepared valuation report.
What Is a Shared Ownership Valuation?
A Shared Ownership Valuation is an independent assessment of your property’s current open market value prepared by a RICS Registered Valuer.
Housing associations normally require an independent valuation before you can purchase additional shares in your property, a process commonly known as staircasing, or before selling your shared ownership home.
Unlike an estate agent’s appraisal, a Shared Ownership Valuation is prepared using recognised professional standards, local market knowledge and comparable sales evidence to provide an objective opinion of value.
What Is a Shared Ownership Valuation?
A Shared Ownership Valuation is an independent assessment of your property’s current open market value prepared by a RICS Registered Valuer.
Housing Associations normally require an independent valuation before you can purchase additional shares in your property, a process commonly known as staircasing, or before selling your shared ownership home.
Unlike an estate agent’s appraisal, a Shared Ownership Valuation is prepared using recognised professional standards, local market knowledge and comparable sales evidence to provide an objective opinion of value.
When Will You Need a Shared Ownership Valuation?
A Shared Ownership Valuation is commonly required when:
- Buying additional shares in your property (staircasing).
- Selling a shared ownership property.
- Purchasing 100% ownership of your home.
- Meeting the requirements of your Housing Association.
- Obtaining an independent market valuation for a shared ownership transaction.
If you’re unsure whether a valuation is required, we’ll be happy to explain the process before arranging your appointment.
What's Included in a Shared Ownership Valuation?
Every Shared Ownership Valuation is tailored to the individual property and the purpose of the instruction.
Where required, one of our RICS Registered Valuers will inspect the property, considering its size, construction, accommodation, condition, location and any factors that may influence its value.
The inspection is supported by research into comparable property sales together with current market evidence to establish an independent opinion of the property’s current market value.
Once completed, you’ll receive a professionally prepared valuation report suitable for submission to your housing association as part of the relevant shared ownership transaction.
How the Shared Ownership Valuation Process Works
Arranging your Shared Ownership Valuation is straightforward.
Once you contact us, we’ll discuss your requirements, explain the information we’ll need and arrange an inspection at a convenient time.
Following the inspection, the valuation is prepared using comparable sales evidence together with current market conditions before your completed report is issued.
Once you’ve received your valuation report, it can be submitted to your housing association as part of your staircasing application or proposed sale. If you have any questions afterwards, we’ll be happy to explain the valuation and discuss the report with you.
Information We'll Need
To help us arrange your Shared Ownership Valuation, we’ll normally ask for:
- The property address.
- Your contact details.
- The name of your housing association, if known.
- Access arrangements for the property.
- Any relevant information that may assist the valuation.
If you don’t yet have all of this information available, don’t worry. We’ll explain what’s needed before arranging your appointment.
Shared Ownership Valuation and Red Book Standards
A Shared Ownership Valuation is prepared for a specific purpose, such as staircasing, selling a shared ownership property or meeting the requirements of your housing association.
The valuation is carried out by a RICS Registered Valuer using recognised professional standards and market evidence. Your housing association may also specify particular wording, validity periods or reporting requirements.
A broader RICS Red Book Valuation may be required for other legal, financial or taxation purposes. If you’re unsure which report you need, we’ll review your requirements before preparing your quotation.
Why Choose Viking Surveyors?
Choosing the right valuer is just as important as obtaining an accurate valuation. Our experienced team provides independent advice, professional valuations and clear communication throughout the process.
RICS Registered Valuers
Every Shared Ownership Valuation is prepared by an experienced RICS Registered Valuer working to recognised professional standards.
Independent Advice
We provide objective valuations supported by professional judgement, comparable sales evidence and current market conditions.
Prompt Turnaround
We understand that shared ownership transactions are often time-sensitive and aim to provide reports as quickly as possible following inspection.
Nationwide Coverage
Our RICS Registered Valuers carry out Shared Ownership Valuations for residential properties across England.
Frequently Asked Questions
Staircasing is the process of purchasing additional shares in your shared ownership property. Many homeowners gradually increase their ownership over time until they eventually own 100% of the property, depending on the terms of their lease.
Improvements that form part of the property at the time of inspection may be reflected in the valuation where they influence the property’s market value. If you’ve recently carried out significant improvements, let your valuer know before the inspection.
Housing Associations normally require valuations to be prepared by an independent RICS Registered Valuer. If there are specific requirements that haven’t been met or the valuation has expired, they may ask for further information or request a new valuation. We’ll be happy to advise if this happens.
There’s no obligation to proceed once you’ve received your valuation. The report simply provides an independent assessment of your property’s market value, allowing you to make an informed decision before moving forward.
Get In Touch
If you require a Shared Ownership Valuation or you’re unsure whether this is the right valuation for your circumstances, we’re here to help. Tell us a little about your property and we’ll explain the process before preparing your quotation.
If you’d rather speak to someone, call us on:
Areas We Cover
With offices across England, we provide Shared Ownership Valuations for homeowners across a wide range of towns, cities and surrounding areas. Use the map below to find your nearest office and the locations it covers.