Chartered Surveyors in belsize Park
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.
lease extension and enfranchisement valuers
statutory tax valuations
Market VALUATION REPORTS
Shared Ownership & Shared Equity
RICS HOME SURVEYS
Help-to-buy valuation, Belsize Park, NW3
A leaseholder requested a market valuation for Help-to-buy loan purposes. The client required a report from a chartered surveyor and RICS registered valuer with a professional opinion as to the value of the property in order to pay back part of the loan granted under the help to buy scheme.
With Websters Surveyors, you can rest assured that your interests are protected by years of experience. Every Valuation or Survey has one of our three most experienced team members at the helm, averaging about 20 years industry experience between them.
Its not just length in the game though that should hopefully provide reassurance. We have a significant focus on training within the team, ensuring that we remain at the top of our game, fully abreast of the latest industry developments.
Not only are our Surveyors regularly seen at industry training events but some of them are also often the trainers. Over the years, we’ve presented in front of thousands if not tens of thousands of people on an array of topics from leasehold reform to Compulsory Purchase to Red Book Valuations and Home Surveys.
lease extension and enfranchisement valuers
At Websters Surveyors, our lease extension Surveyors have a wealth of experience in supporting leaseholders (tenants) and freeholders (landlords) or intermediate landlords. We can assist in providing a Valuation figure for a Section 45 notice under the Leasehold Reform, Housing and Urban Development Act 1993 for Landlords or a Section 42 notice under the same Act for tenants.
Similarly, we can provide Valuation advice on Section 13 notices for leaseholders wanting collective enfranchisement to buy their freehold. Similarly valuation advice for Section 15 notices for freeholders who have received a Section 13 notice.
If a freeholder wants to sell his or her interest in a property where there are leaseholds, they must first serve a Section 5 Notice under the Landlord & Tenant Act 1987, for which we can provide a Valuation.
If a leaseholder of a house wants to buy the freehold, they must serve a tenants notice under the Leasehold Reform Act 1967. A Landlord (freeholder) may want to serve a 'notice in reply' to protect their position on the extent of what is to be sold. We can provide a Market Valuation report for a Tenants Notice or Notice in Reply (or subsequent negotiations) under the Leasehold Reform Act 1967.
We regularly negotiate settlements for lease extensions and enfranchisements (including collective enfranchisement) for leaseholders and freeholders.
Statutory tax valuations
As the saying goes, there are two things that are certain in life – death and taxes.
Unfortunately, in the case of Inheritance tax, it is also linked to death. We realise that if a loved one has died, the last thing you want to do is to have to deal with legal and regulatory requirements like seeking probate or a grant of representation which is part of the same process.
To gain probate, if the value of the estate is close to the inheritance tax threshold (£325,000 at time of writing), your solicitor is likely to inform you that you need an Inheritance Tax Market Valuation. HMRC used to accept Estate Agents opinions but in recent years, due to lack of regulation, qualifications and sadly, sometimes the motive in providing an opinion, they now ask for valuations by an RICS Registered Valuer, typically a Chartered Surveyor. These reports are far more comprehensive, taking into account the relevant statutory definition of Market Value as well as the principles in the RICS Red Book.
Market Valuations for Capital Gains tax are designed to aid your accountant or financial advisor (sometimes even a solicitor) in calculating the amount of Capital Gains tax payable.
They determine the value of the property at a given date, often when it was transferred into or out of a company or dates connected with when an owner ceased being a UK resident.
All of our qualified Surveyors have obtained the designation of RICS Registered Valuers and have significant experience providing such valuation reports.