Chartered Surveyors in barnet
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.
If you’d like to discuss one of our team providing you with a Market Valuation or Home Survey report, please call us on 020 8017 1943 or e-mail info@websterssurveyors.co.uk
Market VALUATION REPORTS
Shared Ownership & Shared Equity
RICS HOME SURVEYS
OTHER SURVEYS
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.
lease extension and enfranchisement valuers
There are a number of elements to a Lease extension valuation or an Enfranchisement Valuation, that we can advise on and provide.
We can also advise on whether the statutory or voluntary route is appropriate for your given circumstances.
Under the statutory route, the ground rent will reduce to a peppercorn which means that a calculation of how to capitalise it is made. The Landlords reversionary value is calculated as there will be a deferment of the property being returned to them. Where leases are below 80 years, Marriage Value also applies.
Under the voluntary route, there is more flexibility for the parties to determine the length of lease extension (statutory route is 90 years) and how the ground rent is altered. However, it relies on voluntary agreement between the parties.
Collective enfranchisement includes a similar calculation but also includes issues such as development value and appurtenant land.
local knowledge
We’ve been providing Property Valuations in North London for years. When people look for local Surveyors in North London, we like to think we’re one of the first names that spring to mind.
Local knowledge can make a difference in getting a Valuation right. Even with Home Surveys, the property types in one part of London or in Hertfordshire may vary from elsewhere. We know the typical defects because we see them regularly. Even to the point where we can look at the front of a property from the roadside and we’ll have a good idea of what defects are likely to be found before we’ve even set foot inside.
We pride ourselves on both the high quality of our reports and also being the friendly face or voice at the end of the phone. When you’re buying a property or involved in any kind of property transaction, it’s a hugely important matter. Getting it right first time makes a difference and we’re proud of the service we offer.