What is a shared ownership valuation?
Shared ownership allows you to buy a share of a home, and the rest you pay in rent. As years go on, you can buy more shares in the property, known as staircasing, until you reach full ownership if your lease allows and follows housing association rules.
A shared ownership valuation is a report that works out what your home is worth on the open market when it is part-owned with a housing association. A RICS surveyor visits, assesses the size, condition, and location, then compares recent sales to determine a fair value
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Shared ownership valuation Services
Kirk-Brown Ltd provides shared ownership valuation services for every stage of your journey. Our experienced RICS surveyors give you plenty of clear, evidence-based reports that housing associations accept, helping your plans progress on time, with realistic figures and fewer unwelcome surprises overall for you, your buyers and your lender too.
Staircasing valuation
A staircasing valuation is needed when you buy an extra share of your shared ownership home.
Our RICS surveyor visits, checks the condition and size, and then compares recent local sales. We confirm the open market value, which your housing association uses to work out how much you must pay overall.
Final staircasing valuation
A final staircasing valuation is required when you plan to buy 100% of your shared ownership home.
Our surveyor inspects the property, notes its condition and any improvements, then reviews local sold prices. The report confirms the full market value used to calculate the price for your last share.
Selling your share valuation
If you want to sell your shared ownership home, you usually need an independent valuation first. Our RICS surveyor visits, measures and checks the condition, then researches similar local sales. We report the open market value, which your housing association uses to set the price and market your share accurately.
Remortgage shared ownership valuation
Lenders and housing associations ask for a RICS shared ownership valuation when you remortgage. Our surveyor will thoroughly inspect your home, make notes on its condition and improvements, then analyse the recent local sales. We supply a clear report stating the current market value of the whole property and your share to support your application.
Valuation update or extension
Shared ownership valuations are normally valid for a limited period, usually three months.
If your sale, staircasing or remortgage is delayed, you may need a valuation update or extension.
We can review market changes, confirm if the value is still fair and reasonably issue an updated letter when needed quickly.
Re-inspection and confirmation letter
If your housing association asks for a re-inspection, we can revisit your home and confirm any changes since the first report.
Upon checking the condition, improvements and local evidence again, we will issue a short confirmation letter that states the original valuation and whether or not it is still valid or needs to be adjusted.
What the report includes
The shared ownership valuation report explains how the surveyor has reached the final figure. It includes a description of your home, its size, layout and location, plus notes on age and construction. Inside, the surveyor checks every room, finishes, floors, windows, heating and visible services.
Outside, they look at the roof, walls, parking, garden and communal areas. The report then lists recent local sales used as evidence and confirms the open-market value of the whole property and your share. Any obvious defects, improvements and restrictions are clearly described for transparency.
Book a Shared ownership valuation
Booking a shared ownership valuation with Kirk-Brown Ltd gives you certainty at every stage. A professional surveyor understands how housing associations work and what their lease terms ask for, so the figure in your report will fit the specific rules. This decreases the risk of any questions, rejected applications or last-minute changes. Your report can also support any negotiations, because it explains the market value clearly and shows that an expert has inspected your home.
With a reliable figure, you can plan how much you need to borrow, save or reinvest when staircasing, selling or remortgaging, instead of relying on unclear online estimates. You also avoid under-pricing your share, which could reduce your return, or over-pricing it, which could slow interest from buyers and hold up your move unnecessarily.