Chartered Surveyors in Harlesden
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
What to expect
Market VALUATION REPORTS
Shared Ownership & Shared Equity
RICS HOME SURVEYS
Lease Extension Valuation, Harlesden, London, NW10
We were put in contact with a Freeholder who had received an informal request for a lease extension from a leaseholder. Our instructions were to insect the property and carry out a lease extension valuation and advise the client on how much they could ask for a lease extension.
RICS Homebuyer Survey, Harlesden, London, NW10
A converted duplex first floor flat in a two storey plus attic Victorian mid terrace house. No specific issues or significant defects, but maintenance issues identified as part of the overall property and lease liabilities.
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.
Market Valuations for Court reports can be for a number of reasons.
For example, where a divorcing couple are separating and splitting their assets. Often this would involve one divorcee buying the other out of their share of a property when one person moves out. The parties may be tense. Emotions are raw. However we provide completely impartial Market Valuation reports, completely Independent Market Valuation Reports. This is because RICS requirements are that Court compliant Market Valuation reports are subject to the rules in the RICS Red Book. One of these is that we must act with complete independence. We would normally be jointly appointed by the divorcing parties, a solicitor acting for one of them (with agreement from the other) or directly by the Court. However we are appointed, we cannot and will not under any circumstances be influenced by any of the parties involved.
Similarly, we receive requests for Retrospective valuation reports to determine the Market Value of a residential property on a date in the past. This may for example be because of accusations of professional negligence from another Chartered Surveyor or abuse of trust by someone exerting undue influence on someone else to sell a property at an undervalue. The principles are the same – we act with complete Independence, not influenced by any of the parties involved.
what to expect
“From the first phone call to the last, I found Websters Surveyors efficient, polite and professional”
“They are very reasonably priced, they attended the property quickly and the report was also with me quickly. The report was thorough and very easy to understand”
These aren’t our words. They’re amongst many positive reviews our clients have given about us.
When you first call the office, we’ll put you through to a specialist in the service you’re enquiring about who will take you through your options and will listen to what you want to achieve. Our quotation will be put in writing and if you decide to proceed, we’ll e-mail you an online link to instruct us.
In most cases, within a few days of being instructed, we’ll have inspected the property and will be preparing our report to be sent out very quickly.
We are quick, efficient and our reports are detailed and in plain English.