The MHO Staircasing Process

1. Choose a surveyor: Select one of the surveyors from the list downloadable from the link below. Then fill in the valuation request form with the appropriate details and send us a cheque made payable to your requested surveyor. Once we receive this we will instruct your chosen surveyor. The valuation will be based on two figures.

• Staircasing figure - which will exclude any improvements made.
• Open market figure - which will include any improvements made.

When going through the staircasing procedure we use the figure, which excludes all improvements. This in turn means you will not pay for the improvements in the percentage that you buy from MHO.



2. Valuation Report: The surveyor’s will send us a copy of the valuation, which we will then forward to you. The valuation is valid for a period of three months (unless varied by your lease) from the date of the report and if the transaction is not completed within this time a further valuation will be required. Valuations on your home fall and rise in line with local housing market conditions - so the value of your home when you staircase is likely to be different to the value of your home when you bought it. If you are not happy with the valuation you can arrange for another one to be carried out with a different surveyor through MHO. Please note that you will be charged.

3. Request to proceed: If you are happy with the valuation figure you should send us a request to proceed, which must include; your solicitor’s details, the percentage you wish to staircase and the figure your property was valued at. (You must have a solicitor to act for you before you send us a request to proceed)

4. Instruct Prince Evans: When MHO have received your request to proceed we will instruct our solicitors Prince Evans, who will be responsible for all the legal proceedings for your staircasing. You are able to contact our solicitors via your solicitors should you have any further queries.