Whether you’re looking to buy more shares in your property, remortgage, or sell up, you’ll need a professional shared ownership valuation. Survey Hut provides accurate, RICS-compliant valuations that help you understand your property’s current market value and make informed decisions about your next steps.
What is a Shared Ownership Valuation?
A shared ownership valuation assesses the market value of your property, which is then used to calculate the cost of buying additional shares (known as ‘staircasing‘) or to determine your equity when selling. Unlike a standard property valuation, shared ownership valuations must meet specific requirements set by housing associations and lenders.
When Do You Need a Shared Ownership Valuation?
You’ll need a valuation if you’re:
- Staircasing: buying more shares in your property (usually in increments of 10%)
- Remortgaging: switching mortgage providers or changing your mortgage deal
- Selling: putting your shared ownership property on the market
- Reviewing your position: understanding your current equity and options
How Staircasing Works
Staircasing allows you to gradually increase your ownership stake in your property. When you decide to buy more shares, a valuation determines the current market value, and you’ll pay a percentage of that value based on the additional shares you’re purchasing.
Over time, you can increase your ownership up to 100%, at which point you’ll own the property outright and no longer pay rent to the housing association.
What Our Valuation Includes
Our RICS-qualified surveyors will inspect your property and consider all relevant factors, including location, size, condition, improvements you’ve made, and current market trends. You’ll receive a comprehensive valuation report that meets the requirements of your housing association and mortgage lender.
We know shared ownership can feel complicated, so we’re here to explain everything clearly and help you understand your options at every stage.
Local Expertise, Personal Service
Based in Altrincham, Chester, and Preston, we have extensive knowledge of the North West property market. We understand the local housing association requirements and work efficiently to get you the information you need without unnecessary delays
Whether you’re taking your first step towards full ownership or exploring your options, Survey Hut is here to help. Get in touch today for a shared ownership valuation you can trust!
