Valuations

RICS valuations are a gold standard in the field of property valuation. They are conducted in accordance with the RICS Valuation – Global Standards, commonly referred to as the "Red Book." These are not to be confused with a ‘market appraisal’, which is an informal opinion on a suitable guide price for a property, typically provided by estate agents in the hope of being instructed to sell a property.

There are a number of reasons why you may need a RICS valuation:

Help to Buy

Do you have a Help to Buy loan which is coming towards the end of its interest-free period? Or are you selling the property you purchased using said loan?

You will require a RICS Help to Buy valuation on the property to begin the process of paying off the equity loan. All valuations are carried out by a RICS Registered Valuer and includes the minimum three-comparable criteria required by Homes England.

All valuations are valid for three months from the date of the survey. If your sale does not complete within that period, you can get back in touch with us and we can issue a Desktop Valuation at a discounted price.

For your Help to Buy valuation in Nottingham, Derby and surrounding areas, please get in touch below.

Probate

If a property is part of an estate, a RICS valuation may be needed for probate purposes to determine the value of the deceased's estate for tax purposes.

Matrimonial

A RICS valuation is often used to establish the fair market value of property when dividing assets in divorce proceedings.

Shared Ownership

A RICS valuation is required to establish the market value of the property, which in turn determines the value of your share to be used for either selling the property or staircasing your share. This can apply for Social Housing Associations, Section 106 agreements and other government schemes.

Inheritance

When inheriting property, a RICS valuation may help to determine the value at the time of inheritance for CGT purposes when the property is eventually sold.

Lease Extension

If your property has a leasehold element, and you want to extend the lease, a RICS valuation may be required to help determine the premium for the lease extension.

Tax Planning

For property owners selling a property that has appreciated in value, a RICS valuation might be required to assess Capital Gains Tax (CGT) liability.

We are RICS Registered Valuers

Our valuation services are fully accredited and recognised by the RICS. If you require a valuation for any of the purposes mentioned above, please get in touch for a free quotation.