Shared Ownership

A market value for the sale or purchase of your percentage share in your property.

Shared Ownership

A Shared Equity valuation, otherwise known as a Shared Ownership valuation, needs to be carried out by an RICS Registered Valuer. This is to provide a market value for the sale or purchase of your percentage share in your property.

It is likely that Shared Ownership schemes will be managed and owned by a Housing Association. If you are thinking of re-selling the property, you should consider the fact that your share in the home must be offered to the Housing Association first before you consider re-selling the property. It may be that the Housing Association does not wish to acquire your percentage, but in most cases, the Housing Association will also have a right to offer your property for sale.

If you intend to move home, you should contact the Housing Association before marketing. The purpose of this is to get their advice on the next steps you should take.

You will likely need a valuation regardless of whether the Housing Association offers to purchase your share or if you will need a specific time frame to consider selling the property, if an option for the Housing Association exists. A RICS-registered surveyor should be entrusted with the task of carrying out this survey.

This is known as a Shared Equity valuation or a Shared Ownership valuation. The valuation determines 100% of the market value, and the different shares can be calculated.

Most Housing Associations have some particular rules regarding the valuation process. Some Shared Equity valuations, for instance, require that improvements made to the property since it was acquired be disregarded in the valuation.

For other Shared Equity valuations, request specific information from the surveyor regarding comparable evidence and the details within the valuation report. Housing Associations typically require RICS surveyors to be registered, and the firm is regulated directly by the RICS. All of our surveyors are RICS-registered, and we are regulated by RICS.

Your surveyor will need specific information regarding the remaining lease term and any associated charges such as ground rent, service charge, building maintenance and insurance etc.

The comparable evidence the surveyor will compile should relate to properties of a similar style, layout and accommodation. In addition to being of similar age and having records of recent sales within the last 12 months. The more specific details of what the surveyor requires should be determined before the inspection.

The Shared Equity valuation will be provided to you in a PDF format and will be written to address the Housing Association. Again, this needs to be confirmed with the surveyor to prevent the report from being rejected. You will need to provide the Housing Association with a copy of the Shared Equity valuation once you receive it. In addition, you will need to provide any necessary documentation in support of this valuation.

Once your valuation is agreed upon, the specific process relating to that Housing Associations policy on buyback or marketing director will need to be confirmed. In the event that the property remains unsold over the required time period for marketing, you are likely to be allowed to market the property directly if the property remains unsold.

Residential Valuations across Tyne and Wear

As RICS-registered valuers, we provide accurate, independent and professionally prepared building valuations across Tyne and Wear. Our valuations are carried out in accordance with current RICS standards and are suitable for a wide range of formal and statutory purposes, including:

Help to Buy and Shared Ownership
Probate and Inheritance Tax matters
Matrimonial or Divorce proceedings
Insurance Reinstatement Costings and assessments
Re-mortgaging and Independent Valuations
Independent Asset Valuations

All valuations are carried out to RICS standards, ensuring professionalism, accuracy, and reliability.

Why Choose Andrew James Property Surveyors in Tyne and Wear?

RICS-Accredited Expertise: Our reports and property valuations meet the highest professional standards.
Regional Knowledge: Based in the North East, our surveyors have extensive experience across Tyne and Wear’s varied residential property market, from period homes to modern developments.
Personal Service: Our surveyors maintain a small case load, so every client receives prompt attention and detailed care.
Post-Report Review Call: Every client benefits from a personal follow-up call with the surveyor to discuss findings and next steps.
Clear and Understandable Reports: No jargon – just transparent insights you can act on.
Impartial Advice: We work solely for you, our client.

Whether you are purchasing your first home, expanding your Tyne and Wear property portfolio, or preparing a property for sale, we provide the clarity and reassurance needed to make informed decisions.

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What Our Clients Say

“We chose Andrew James Property Surveyors based on their excellent reputation. In a very short timeframe after contacting them, they scheduled a Homebuyers Survey (Level 2) for a price we considered to be very reasonable. Within 5 days of completing the survey, they sent a detailed report that was easy to understand and clearly outlined the areas to focus on for us and our solicitors. I couldn’t have asked for a better service. Andrew James Property Surveyors is definitely a company I would recommend.”
— Mr Alan B

“Exceptional service. We booked to have a Level 3 survey and valuation done on a property we were hoping to purchase. Both the survey and valuation were very thorough and I felt like no stone was left unturned. Andy was amazing, calling the same day the reports were issued to help understand the conclusions, plus we knew we could call if we had any further queries. We felt like we were in very safe hands and that we’d really been looked after. What a great team! Will definitely use them again.”
— Jane Paterson

Frequently Asked Questions

Do I really need a building survey?
Yes – even newer homes can hide issues that aren’t visible during a viewing. A professional survey gives you peace of mind and leverage in negotiations.

Which survey level should I choose?
For modern properties in good condition, a Level 2 Home Buyers Report is often sufficient. For older homes, listed buildings, or properties with extensions, a Level 3 Building Survey is recommended. We’re happy to advise on the best option.

Are your valuations accepted by lenders and official bodies?
Absolutely. As a RICS-accredited practice, all our valuations meet the required professional standards and can be used for official purposes.

How quickly will I receive my report?
We aim to deliver reports within five working days of inspection – and we’ll call you personally to explain the findings.

Pricing and Quotes
Every property is unique, so we provide tailored quotes based on the type, age, and location of the building. You’ll receive a clear, all-inclusive price before we begin, with no hidden fees. For an accurate quote, simply contact us using the details below.