Buying more shares in your home or selling a shared ownership property may require a formal market valuation. We agree the report with reference to your lease and housing provider’s requirements before starting work.
Buying more of your shared ownership home is known as staircasing. Where a formal valuation is required, it provides evidence of the property’s value for the proposed transaction. The lease and scheme determine the process, including which party arranges the valuation. Some gradual staircasing arrangements use an index-based approach instead, so check with your provider before commissioning a report.
Your housing provider may require a valuation when you wish to sell your share. Obtain its resale instructions before booking so we can confirm the basis of value, report recipient, property interest and any specific reporting requirements. The provider’s sale process and any nomination arrangements are separate from our valuation instruction.
Tell us about alterations or improvements, when they were carried out and whether the provider gave written permission. These may require specific treatment in the valuation. Supply the lease details and provider’s instructions so the report can explain the relevant assumptions and any separate values requested.
The agreed valuation considers the property’s location, accommodation, construction, condition and tenure alongside relevant market evidence. Access arrangements, lease information and known issues are discussed before the visit. A valuation inspection has a different scope from a survey of the building’s condition.
Ask your provider how long the valuation can be used and what happens if the transaction is delayed. Send us the address, intended transaction, provider’s requirements and target date. We confirm coverage, suitability, the inspection arrangements, fee and reporting programme before you instruct us.
Not necessarily. The applicable lease and scheme determine whether a formal valuation or another permitted method is used. Ask your housing provider to confirm the process before booking.
The treatment of improvements depends on the transaction, relevant permissions and scheme requirements. Give us the supporting information so the valuation can address the requested basis; your provider or legal adviser confirms how that is applied to the transaction.
A lender may require its own valuation or have different reliance requirements. Confirm this with the lender rather than assuming a report commissioned for your housing provider can serve both purposes.
Send the property address, the report you need and any deadline. We will confirm the scope, fee and availability before you instruct us.
Request a valuation quote