Valuations

Property Valuation

Valuation is key to all property decision making. Whether you are a property developer, a private buyer or a bank, the value is important. All valuations are carried out by Richard Hadley who is a RICS Registered Valuer.

Every property is different and it can be complicated to establish value reliably with various factors to consider.

The RICS Valuer Registration is a monitoring programme for all RICS professionals undertaking valuations in accordance with RICS Valuation Standards – the ‘Red Book’.

Being part of this scheme will assure the quality and credibility of the valuations.

Probate Valuations

A Probate Valuation is a professional assessment of a late loved one’s property and assets, determining their market value for probate purposes, ensuring accurate inheritance tax calculations and facilitating the legal distribution of the estate to beneficiaries. 

After a death where assets are involved, the property is often the biggest asset that needs correctly valuing. Many properties may take an ‘estate’ over the inheritance tax threshold on their own, without consideration of other things.

A valuation of this type must accurately reflect what the assets would have reasonably fetched on the open market on the date of death. Even if a property is not going to be sold by the beneficiaries, it is often necessary to submit this in order to obtain a grant of Probate.

Help to Buy & Shared Ownership Valuations

Full Redemption

If you sell your property, the full amount of your Help to Buy loan must be repaid. A RICS Help to Buy valuation is used to determine the repayment amount, based on either the property’s market value at that time or the agreed sale price, whichever is higher.  A Shared Ownership valuation must be obtained prior to marketing the property and is significantly important to what the property can be sold for.

Staircasing

A valuation is also necessary if you wish to staircase, a process that allows you to partially repay your Help to Buy loan while retaining ownership of the property, thereby increasing your share of it. If the property value rises, the amount you owe increases accordingly. Conversely, if the value decreases, the outstanding loan amount also reduces. To ensure fairness and accuracy for both you and the government (as the loan provider), it’s essential to obtain an independent valuation whenever making changes to your loan who is experienced in the field.

Matrimonial Valuations

A marriage break-up is often very difficult and the main home or other investment property is very important. At such a difficult and sensitive time, your case will be treated with the utmost respect and remain confidential throughout.

Regardless of the situation, an accurate, transparent and independent report will help all involved.

A matrimonial valuation aims to provide a Market Valuation which can be used to decide how joint property assets are divided between parties involved in divorce proceedings.