What valuation do I need for Shared Ownership?

Depending on your landlord’s policy, either you or your landlord will get a valuation from a surveyor who is Royal Institution of Chartered Surveyors (RICS) registered. RICS registered surveyors are trained and regulated to be able to give an accurate and fair valuation of a property.

Who is responsible for repairs on Shared Ownership properties?

The purchaser of the property will be responsible for repairs and maintenance, regardless of their share in the propert,y although some costs may be covered by the building warranty.

What is the defect period for Shared Ownership?

As with all new build homes, Shared Ownership homes will have a defect liability period. This is usually 12 months from the handover date. During this period any defects should be fixed by the developers.