There are many reasons why you may need an independent valuation. Whilst an estate agent can give an idea of the market value of your property only Chartered Surveyors (MRICS or FRICS) who have qualified as Registered Valuers are qualified to carry out formal valuations.
Our valuations are professionally prepared independent valuation reports carrying out by qualified RICS Registered Valuers. The report is prepared in line with the RICS Red Book Valuation Standards and includes an inspection of the property to assess its condition and the accommodation that it offers.
We carry out residential valuations for many purposes including:
Help to Buy Valuations – you may have been asked to provide a valuation report as part of the sale of your property. This type of valuation must be carried out by a valuer who is a Registered Valuer and member of the RICS.
Shared Ownership Valuations – this is required when you are buying extra shares in a shared ownership property (staircasing) or selling your share of the property.
Probate/Inheritance Tax Valuation – often required by your accountant or solicitor in order to vale you the assets of a deceased estate and assess the potential inheritance tax liability.
Matrimonial/Division of Equity Valuation – at the end of a marriage or long term relationship when there is jointly held property, a valuation is required in order to assist with the financial settlement. We can act for individual parties or as a Single Joint Expert under the Civil Procedure Rules.
Capital Gains Tax Valuation – capital gains tax may be payable when you sell a property that is not your home. It is calculated by considering the increase in value from the date the property was acquired to the date the property was disposed of. We can carry out retrospective as well as present day valuations.
Portfolio Valuations – valuing all the properties within a portfolio to determine the total value of holdings within the portfolio. This may be calculated to include the rental income from the properties (the investment method) as well as the current market value of each property.
Charities Act Valuations – we provide valuation advice to charities to enable them to meet the regulatory duties as set out in Section 36 of the Charities Act 1993 “the trustees must obtain and consider a written report from an Independent Chartered Surveyor acting exclusively for the charitable trust of the property”.
Rental Valuations – assessing the rental value of a property should it be put into the rental market.
Insurance Valuation (Reinstatement Valuation) – this ensures that your property is appropriately insured and prevents it being under insured which may cause problems in the case of a claim or over insured which could lead to additional unnecessary premiums being paid.