VALUATION

If you need a mortgage when you buy a property, a lender will request a valuation to check what you have agreed to pay is reasonable. We provide a report that will confirm the value of the property. In this case, it will be your lender that contacts us.

If you are selling your property, we can provide disposal advice and a viable route to market.

If you own an investment property or portfolio, you are likely to already have a good understanding of the issues but may benefit from a professional soundboard. We have the skills and experience to analyse or help shape your strategy to maximise the value of your assets. We can also provide acquisition and disposal advice.

We provide our clients with fully compliant Red Book Valuations and when it is useful, we can provide indicative valuations on a desktop basis to aid our client’s preliminary decision making process. We have worked with Banks to Building Societies and a range of property related funds and specialist Peer to Peer lenders.

Developments have been sold over the past decade offering owners either the option to own a percentage of the property or to take out an equity loan against part of it. In either case, if the leaseholder agrees to purchase the share they do not own or when the property is sold, the percentage which the leaseholder does not own or has a loan against will need to be valued in accordance with the RICS Red Book.

HMOs have grown in popularity in recent years as they can maximise rental income. It is important to work with local authorities to ensure your property is compliant with current legislation, as non-compliant HMOs can be liable for enforcement action. We understand how HMOs operate and what is required to value them.

If you own a leasehold property, the number of years remaining on the lease affects its value. Crucially, when the number of years remaining reaches 80, the cost to extend the lease begins to escalate. If you have owned the property for more than two years you have the right to extend your lease. We can calculate the cost involved and help with your negotiation.

When a couple separate, their joint assets, which often include property, need to be valued. A report by an RICS Registered Valuer will determine the market value of the property at a given date. This can be used in a relatively informal settlement between the parties or in more formal court proceedings and would be governed by the RICS Red Book guidance.

Non-Resident Capital Gains Tax (NRCGT) and Annual Tax on Enveloped Dwellings (ATED) Valuations.

The NRCGT charge applies to gains made by non-resident individuals, trustees and closely held non-resident companies and funds, while the ATED applies to companies that own residential property in the UK. It is important that owners submit accurate figures to HMRC to avoid being charged penalties and late payment interest.

We provide valuations that can be relied upon to submit your annual return and will stand up to scrutiny by HMRC or the District Valuer.

Inheritance Tax is only payable if the estate was worth more than £325,000 at the date of death. A qualified Chartered Surveyor will need to carry out a Probate Valuation on the property to calculate the IHT liability. This type of report is usually referred to as a Red Book Valuation.

To redevelop housing estates into modern accommodation, councils must purchase the private dwellings in them using Compulsory Purchase Orders (CPOs) which are regulated to make sure homeowners get a fair price for their property. The compensation package will also usually include a sum to compensate for loss of the home, legal costs, moving costs and surveyors' fees.

As RICS Chartered Surveyors and Registered Valuers with experience in London's local markets, we can negotiate directly with the Council on your behalf, help you get a price that you are happy with for your property and prevent your home from being undersold. This service is free of charge as it is paid for by the acquiring council.

The valuation of office, retail and industrial property benefits from regional expertise and specialist data. We work with commercial agents across London to deliver reliable and prompt assessments of everything from single assets to large mixed-use portfolios, all in accordance with RICS Valuation Standards.