Chartered Surveyors in Hampstead
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
important. Our Surveys are undertaken by a Chartered Surveyor with close to 30 years PQE and who is also an RICS Registered Valuer. Examples of defects that we can identify include –
Rising damp
Penetrating damp
Condensation
Lintel Failure
Subsidence
Re-pointing required
Heave
Deteriorated flat roof
Inadequate surface water drainage connections
Blocked sewage drainage
Defective rainwater goods
Inadequate bathroom ventilation
Extensive landscaping close to a building with potentially damaging vegetation
Unlined roof covering
Dampness to Roof timbers
Dry rot
Wet rot
Lead pipe mains water feed
This list isn’t exhaustive so is purely an illustration of some of the defects that can be identified from time to time.
We provide the full RICS Home Survey service including what are commonly known as Condition Surveys, Homebuyer reports, Building surveys (or Structural surveys) and snagging lists for newbuild properties.
We typically provide reports within a few days of instruction.
lease extension and enfranchisement valuers
As a lease gets shorter, its’ value falls in relative terms. As such, if you are considering extending your lease, the longer you wait, the more it may cost you. In normal times, waiting is a double threat because of the additional cost of Marriage Value (where leases are 80 years or under).
Acting now can protect and enhance your property value, often making it more marketable if you are considering selling in the future or opening up a greater number of mortgage products for you.
Similarly, groups of leaseholders can purchase a freehold under a process called collective enfranchisement, which we can provide valuations and negotiations for as well as project manage. Where they do so, they become the new freeholder, creating a ‘share of freehold’ which enables them to collectively decide to grant each other longer leaseholds on more marketable terms, getting rid of onerous clauses or high ground rents.
Our team of RICS Registered Valuers are experts in Leasehold reform matters and would be happy to advise on lease extensions, enfranchisement or collective enfranchisement.
Statutory tax valuations
One very unfortunate reason why you might need a Red Book compliant Market Valuation report is for probate, which is often required when someone has died to deal with property interests they previously held.
Reports need to comply with Statutory requirements in the Inheritance Act 1984 and also the RICS Red Book. HMRC often therefore will not accept an Estate Agents opinion and to be frank, a report by a Chartered Surveyor & RICS Registered Valuer is required to be far more thorough and ready to be scrutinised by the tax man.
We are able to provide Inheritance Tax Market Valuation reports, typically within a few days of instruction. We also use a very simple online process to instruct us and pay for our report.
Another reason why you may need an RICS Red Book report is to aid an assessment of Capital Gains tax. The Valuation date here is always retrospective and is set by a number of different reasons including company ownership and previous transfers.
If you have been advised to seek a Statutory Valuation for assessment of Tax payable, our Chartered Surveyors & RICS Registered Valuers can help.