Shared ownership

amoneysaver1993

I was just wondering if you have a shared ownership property evaluated and it comes back that more expensive would you have to more money for the shares you already own or would it just effect the shares your going to buy?

eddddy

amoneysaver1993 said:

I was just wondering if you have a shared ownership property evaluated and it comes back that more expensive would you have to more money for the shares you already own or would it just effect the shares your going to buy?

You don't have to pay more for the share you already own - effectively that is the "profit" you've made.

That's the main reason that many people buy shared ownership - so that they have a foothold in the housing market, and their share of the property increases in value.

But as you suggest, the new higher valuation will be used for the additional share you want to buy.

(And hopefully that additional share will also increase in value in the coming years, so you'll make another chunk of "profit" from that.)