An independent RICS Red Book valuation to buy further shares (staircasing) or sell your shared-ownership home — accepted by lenders and housing associations, valid for 3 months, by an RICS Registered Valuer.
If you own a share of your home through a shared-ownership scheme, your housing association will require an independent RICS valuation before you can buy further shares or sell.
The cost of the shares you buy is based on the current market value of the whole property, so an accurate, independent valuation makes sure you pay the right amount.
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Most housing associations follow the same process, and a Red Book valuation by an RICS Registered Valuer is at the heart of it.
From £200
Final price depends on the size, value and location of the property.
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When you staircase, you don't pay a share of what you originally paid. You pay a share of what the home is worth today — so the valuation is the single number that sets the price.
An RICS Registered Valuer inspects and values the whole property at its current open-market value — say £250,000.
Buying a further 25% would cost 25% of that figure — £62,500 — regardless of what the home was worth when you moved in.
Your association and solicitor use the report to complete the purchase, provided it's still within its validity period.
Figures are illustrative. Because rising prices raise the cost of each further share, timing matters — instruct the valuation once your paperwork is ready to move.
The same Red Book valuation supports each of the routes out of a shared-ownership home. Tell us which one applies and we'll prepare the report your association expects.
Staircasing is buying additional shares in your shared-ownership home, increasing the percentage you own — sometimes all the way to 100%. The price of those shares is based on the current market value of the whole property, which is why an independent RICS valuation is required.
Yes. Housing associations require an independent valuation by an RICS Registered Valuer, prepared to the Red Book. That's exactly what we provide, formatted in the way they expect.
Three months from the date of valuation. If your staircasing or sale doesn't complete within that time, the association will usually ask for a fresh valuation, so it's best to instruct us once your timeline is set.
From £200, depending on the size, value and location of the property. You'll see your exact price on screen before you commit, and the quote is free.
Ask us before commissioning a whole new report. Where the original inspection is recent enough, it is often possible to reissue or update it at less cost than starting again — though your association has the final say on what it will accept.
Where you've made genuine improvements yourself, these are commonly disregarded when pricing the share you're buying, so you don't pay twice for your own work. Tell us what you've done at the time of inspection and we'll reflect it in the report as your lease and association require.
Yes. The same Red Book valuation can be used to set the price when selling your shared-ownership share, as required by your housing association before they market it or approve a buyer.
We value shared-ownership homes across the East Midlands, including Derby, Nottingham and Leicester. If you're just outside, call us and we'll tell you straight away.
Get a free quote for an independent RICS valuation your housing association will accept.