Chartered Surveyors in cricklewood
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 extentsion and enfranchisement valuers
regulated by rics
Market VALUATION REPORTS
Shared Ownership & Shared Equity
RICS HOME SURVEYS
RICS Homebuyer Survey, Cricklewood, London, NW2
A first floor flat in a three storey modern estate block. No specific issues or significant defects, but maintenance issues identified as part of the overall property and lease liabilities.
Expertise is far more than experience, albeit our Surveyors have lots of that with the three most senior sharing over 60 years between them. Our Surveyors are technicians, having chosen to specialise in parts of Surveying over their careers.
For example, one has undertaken thousands of Home Surveys, another over a thousand lease extensions and another, over a thousand statutory valuations (CPO, Capital Gains tax and Inheritance tax).
Hopefully this expertise, our technical understanding comes across both when talking with us and also when seeing how we value and negotiate.
All of our qualified Surveyors have obtained the status as RICS Registered Valuers as well as becoming Chartered or AssocRICS members of the Royal Institution of Chartered Surveyors.
lease extension and enfranchisement valuers
Extending your lease or buying your freehold can significantly increase the Market Value, provide you with additional control and protect the value of your asset from markedly falling due to it’s tenure type.
If for example, if you have a lease which is approaching 80 years unexpired, the cost of extending it may be about to significantly increase. Valuation practice changes at 80 years (the magic number here) meaning that the cost of extending can significantly increase the moment the unexpired term hits 80 years. This is because a principle called Marriage Value then begins to apply.
An extension can be for 90 years on a statutory lease extension or to another term if on a voluntary lease extension. For example, some voluntary lease extensions increase the lease term back to 99 or 125 years which can prove less costly than extending by 90 years. A Statutory lease extension will reduce the ground rent to a peppercorn (zero) but a voluntary lease extension can retain and even alter the amount of ground rent and how it alters over time.
Where more than half of the leaseholders in a block decide to buy the freehold, they can do so under a process called Collective Enfranchisement.
Leasehold owners of houses can buy their freeholds under the Leasehold Reform Act 1967.
regulated by rics
Where you see the mark ‘Regulated by RICS’, including with Websters Surveyors, you can rest assured that you should receive a high quality service.
We take our compliance with standards set down by our regulatory body, the Royal Institution of Chartered Surveyors very seriously. These regulations are primarily aimed at protecting you, the consumer. What goes in our Terms of Engagement, the quality of service we have to provide, minimum reporting standards and professional ethics are all set down by the RICS.
We go further still in some areas, ensuring that the service we offer is professional, transparent, reliable and efficient.
Our reports, where appropriate comply with the RICS Red Book which is the gold standard of valuation reporting.