Shared ownership schemes have this one common issue: Once it is time staircase, the valuation seems to rise than the surrounding properties in the neighbourhood and unfortunately there rarely seems to be much you can do about this. A shared ownership valuation dispute arises and therein lays the fruit in the pudding.

The issue is even more peculiar with shared ownership properties where the valuation should be even lower then the purchase price based on the negative equity new build mortgage holders are bound to face as the property price is more often than not smaller than the sale price.

So how then upon staircasing does the vale of a new build home then exceed the initial sales price when it was likely overpriced in the first instance

When you want to staircase (the process of buying more shares in your shared ownership property) your landlord will ask you to pay for a RICS valuation on the property.

The only card you have to play is to get an independent valuation from the district valuer but this may not always work in your favour. The worse part of the shared ownership experience is the fact that you are actually the one paying for the RICS surveyor but in some weird twist of fate they end up working in the interest of the Housing Association.

John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.