Valuation
The rules set by Homes England state that all shared ownership properties must be valued by a RICS valuer. This is also confirmed in the terms of your lease. RICS valuers are independent professionals of a chartered institute, who follow a defined method for valuation.
The valuation will determine the full market value. You will receive a percentage of the overall price based on the share you own; this is fixed and non-negotiable. The RICS valuation will need to be in date throughout the marketing, sale and up until completion of your property. It is your responsibility to ensure this remains in date and to pay any associated costs should there be any.
The value of the property may increase or decrease if the valuation is reviewed for extension purposes. If this is the case, the amount you receive for your share may be affected.
Valuations are normally valid for a period of 3 or 6 months. Please discuss with your surveyor if any fees will apply to extend this, should the valuation expire.
Delegated person
LiveWest are only permitted to speak to leaseholders in relation to anything to do with the sale of the property.
Should you wish for us to speak to someone else in relation to the sale, you will need to complete the below to provide us with their details. This will act as formal consent that you are happy for us to discuss your sale with the person named below.
Please ensure that you have spoken to the delegated person before you provide us with their details.
Declaration
LiveWest may share the information contained within this form with other organisations and people that are involved in the sales process. Please see our privacy notice for more information.
LiveWest will review all of the information provided and will give approval to market your home within 10 working days.
Should the required information not be provided your application will be declined however we will contact you in the first instance to discuss this.