valuation
Residential & Commercial Valuations We offer 5 different types of valuation: Mortgage Valuations When you take out a mortgage, your lender will ask for a mortgage valuation. This is a basic inspection to reassure the lender that the property offers suitable security for the loan. A mortgage valuation looks at things like a property's size, location and age. It is not a detailed review of its condition. If you want more information on the physical state of the property you're buying, a homebuyer's report or full building survey might be what you need. Insurance Valuations An insurance valuation estimates how much it would cost to rebuild your property from scratch. The calculation is based in using modern materials and techniques and includes costs such as site clearance. It forms the basis of your buildings insurance policy. Matrimony Valuations A matrimonial valuation is used in divorce or separation proceedings. The Court will use this valuation to achieve division of assets in matrimonial disputes. Probate Valuations When someone dies, the executors of their estate will often need a valuation of the property they owned. Probate valuations, as they are called, are then used to calculate inheritance tax. Tax Valuations Working out how much capital gains tax you need to pay on a property can be complex, especially when you sell property you have owned for a long time. Our tax valuation service puts a historic value on your property, making self-assessment for capital gains tax easier. Leasehold Enfranchisement We act for freeholders and leaseholders in connection with applications for lease extensions and freehold purchase. Whether these processes are undertaken informally, or by involving the statutory rights available to leaseholders by virtue of the Leasehold Reform Housing and Urban Development Act 1993, we can advise on the procedures involved. We have extensive experience in preparing the specialist valuations that are required, undertaking negotiations, and, if necessary appearing as Expert Witness at Valuation Tribunal hearings.