Chartered Surveyors in edgware
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
Lease Extension Valuation, Edgware, London, HA8
We were contacted by a leaseholder who informed us that they were trying to sell their flat in Edgware however noticed that people suggesting the length of the lease was an issue, despite it being over 80 years. After inspecting, our chartered surveyor and valuer was able to advise on the likely costs and approach the client should take.
Inheritance Tax Valuation, Edgware, HA8
Our Chartered Surveyor inspected a detached house in Edgware for inheritance tax purposes. The client needed the property to be valued in accordance with RICS regulations so that any tax implications could then be calculated. The chartered surveyor and RICS registered valuer was able to provide a detailed report with their professional opinion at to the market value.
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 home surveys
Royal Institution of Chartered Surveyors (RICS) Home Surveys are the gold standard of Survey reporting. Our Surveys provide a simple traffic light rating identifying level of concern for any defects identified during our inspections.
The Level 1 Survey (Home Condition report) is the entry level Survey type, mostly commonly used for flats and newbuild properties. The Level 2 Survey (Homebuyer Report) is by far the most popular form of Survey, being the mid range report suitable for most property types and providing a very detailed level of reporting. The Level 3 Survey (Building Survey, formerly known as a Structural Survey) is the highest level Survey, most suitable for substantial, extended or altered properties or where they are locally listed. Snagging reports are for newbuild properties to help ensure the developer undertakes required works, prior to or post completion.
All report types can be combined with a Valuation & Building Reinstatement cost estimate to help you determine whether you’re paying the right amount and how much to insure the property for from exchange of contracts.
Statutory tax valuations
Market Valuations for Tax assessments are statutory valuations, governed both by primary legislation and also valuation practice requirements set out in the RICS Red Book (Global Valuation Standards including the UK National Supplement).
In most cases, if you’re requesting a report, it’s because your Probate solicitor has advised you need a report to help obtain a Grant of Representation, part of Probate. Or perhaps, your Accountant has requested a retrospective Market Valuation to determine the Value on a date of transfer of a property in or out of a company or perhaps a fixed date of April 2017 in some instances where property is held by a company.
We provide RICS Red Book compliant Market Valuation reports which in being compliant, also adhere to requirements set out in the various legislative requirements including -
- Section 272 Taxation of Chargeable Gains Act 1992
- Section 160 Inheritance Tax Act 1984
- Section 118 Finance Act 2003
- Section 98(8) Finance Act 2013
These cover Capital Gains tax, Inheritance tax, Stamp Duty Land Tax and ATED.
Ideally, we will be able to inspect the property in question but where necessary, desktop Valuations can be undertaken. If however, the report is required because a loved one has sadly died from Covid-19, we will need to discuss timings and precautions before we are able to confirm an inspection.
Our Chartered Surveyors and AssocRICS Surveyors are RICS Registered Valuers and highly experienced in providing Valuations to support tax assessments.
We love North London and most of our work over the years has been here in the part of London we call home. Not just our office but also where some of our team live.
We’ve valued hundreds of residential properties in the likes of Barnet, Edgware, Hendon, Cricklewood, Finchley, Tottenham , Whetstone and Enfield. We’ve provided many Home Surveys from traditional inter war Semi Detached houses to the Victorian properties on the A5 to the non traditional concrete built ex Council properties in places like Dollis Valley and West Hendon.
We know the area well. We love the area we call home.
We are your local property experts and can provide a range of Valuation Reports and Building condition Home Surveys.