Chartered Surveyors in london
We are a firm of Chartered Surveyors based in London providing a range of Residential Valuations and Surveys. We are also RICS (Royal Institution of Chartered Surveyors) Registered Valuers.
Market VALUATION REPORTS
Shared Ownership & Shared Equity
RICS HOME SURVEYS
Portfolio Inheritance Tax Valuation, Wembley, HA9 & HA3
We were instructed to undertake 3 market valuations for inheritance tax purposes. The properties were located in Wembley and Preston Road. A mixed portfolio including a short lease flat meant that the client needed specialist valuation advice. Our chartered surveyor and valuer was able to inspect the properties and give their professional opinion as to their market values.
Lease Extension Valuation, Harlesden, London, NW10
We were put in contact with a Freeholder who had received an informal request for a lease extension from a leaseholder. Our instructions were to insect the property and carry out a lease extension valuation and advise the client on how much they could ask for a lease extension.
Valuation for Insurance, Tottenham, N15
Websters Surveyors were instructed by a legal firm to undertake a valuation for their client, an Insurance firm. The valuation required our chartered surveyor to value a plot of land which contained an easement, or right of way. The land had to be valued on the basis of its current set up, and on the basis that the easement did not exist and had some development potential.
RICS Homebuyer Survey Report, Hendon, London, NW4
A homebuyer survey was chosen by our client, as the property was a ground floor flat, in a former 1930’s semi detached house heavily extended and converted to provide six units. A number of issues were discovered, including dampness and poorly maintained communal areas and grounds. We also had concerns regarding the agreed purchase price, and advised the client that it was considered to be excessive.
RICS Condition Report in Edgware, London, HA8
The property was a modern purpose built ground floor flat in a four storey block. The property was in need of upgrading of many of the services installations, and there were some communal maintenance liabilities that we advised clarifying. The client was able to proceed knowing that there were no significant defects or issues with the property.
RICS Building Survey Report, Barnet, London, EN5
Unusually for a Building Survey, this was a former Congregational Meeting Hall . A Building Survey was chosen because it was an early Victorian property, with implications for alterations and maintenance.
Originally constructed as a chapel, the property has a rear former industrial building, together with a central infill. The property had been formerly converted to provide multiple unit residential accommodation, but is currently occupied as a single family home. A number of significant defects and maintenance issues were detected, including rotted external doors and windows, roof coverings, and dampness and spalling to many areas of solid brick masonry.
rics home surveys
Buying a property to call your home or an investment is one of the most expensive purchases of your life so why risk it by not having a survey for a fraction of the price?
Both the Royal Institution of Chartered Surveyors (RICS) and the Law Society recommend nearly all property purchases should include a Survey.
According to a survey conducted by RICS, buyers who did not get a Survey faced, on average, £5750 in repair costs.
A mortgage valuation is strictly for the lenders benefit which means that the Surveyor has a duty of care to the bank and not you. Many Mortgage Valuers are instructed to carry out a cursory inspection of the property, if they even see it at all, and possibly to not even provide you with their report. Their report is primarily to satisfy the mortgage lender that the amount they are lending you is protected. Our reports have a duty of care purely to whoever is instructing us.
If a Survey indicates that there are hidden defects that require expensive repairs, you could potentially bring this to the sellers attention to reduce the asking price or require them to undertake the works before you buy
We pride ourselves on providing a range of RICS compliant Red Book Valuations.
The RICS Red Book is a combination of two documents –
1) The RICS Valuation – Global Standards
2) The UK specific complimentary edition which is known as the RICS Valuation – Professional Statements. This document ensures compliance with UK specific regulations and practice
So why should you be bothered?
Well, put simply compliance with the Red Book ensures the gold standard of reporting. It provides for detailed minimum standards (which we try to exceed) giving our clients the reassurance that their report is not only to a good degree of detail but also meets any regulatory requirements, such as those laid down by HMRC for Statutory Valuations such as for Capital Gains Tax or Inheritance Tax assessments.
WHAT TO EXPECT
Most of our team have gained the status of Chartered Surveyor, a qualification which requires years of experience as well as appropriate academic qualifications.
Our Surveyors and Valuers provide RICS Red Book compliant Valuations and Home Survey reports. We value and negotiate with the technical expertise and commercial acumen required to protect our clients interests.
Our years of experience is complimented by technical competence built up over time and through a number of training courses and continued professional development.
We not only undertake training ourselves to keep on top of industry developments but our Surveyors have provided training to thousands of property professionals overt the years.
Our reputation as an experienced firm of Chartered Surveyors providing high quality reports is as a direct result of all of the hard work our team put in to stay on top of our game.