Chartered Surveyors in Hanwell
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
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Dealing with property often involves multiple professionals such as Surveyors, Solicitors, Estate agents and Mortgage advisors, and whilst you may have your trusted professionals, they may not always specialise in the matters you are dealing with.
The team at Websters Surveyors have over 75 years of collective property experience and over that time have built up a network of trusted professionals that we often work with, such as specialist Solicitors and mortgage advisors.
Our clients often request guidance or ask to be put in contact with a trusted professional and we aim to provide details of someone local to you. This cross-relationship between professionals ensures that any property matter is dealt with skilfully, thoroughly and with your best interest in mind.
We are also always looking at expanding our network with likeminded property professionals who can offer our clients a good quality service and work with us.
rics home surveys
The first thing to point out that a Survey is not a Valuation, albeit that can be added to one.
An RICS Home Survey is essentially a health check on the property.
A property purchase is very probably the biggest purchase you’ll make in your life. It may be for somewhere that you’re planning on calling home for years to come, possibly raising a family in. As such, making sure that what you’re buying is what you’re expecting is crucial. Don’t get caught out and find unexpected and unbudgeted repair bills. An RICS Survey suggests that house buyers who did not get a Survey incurred an average of £5,750 in repair costs. If they’d had a Survey, those buyers could have sought to budget, renegotiated their price or pulled out. Instead they went into possibly the biggest purchase of their lives almost blind in most cases.
If you buy something from a shop, you can take it back if it’s faulty. You can’t normally do the same with a faulty house or faulty so getting a Survey to identify any potential defects is recommended by both the RICS and the Law Society.
lease extension and enfranchisement valuers
Extending your lease or purchasing your freehold can be the best thing you do for your property. By doing either of these, you are protecting your investment and potentially even enhancing its value. A leasehold property is essentially governed by a contract, which allows you to own that property for a specified period of time. Once that time expires you no longer own that property. Therefore, the longer your lease is the more valuable it is (up to a certain point).
As a leaseholder, you have the right to extend your lease under the Leasehold reform Housing and Urban Development Act 1993 by 90 years to your current unexpired term, meaning that if you have 72 years left, after extending you will have 162 years. The difference in value to the property once a lease goes beyond 125 years is negligible, so a 999-year lease is not much more valuable than a 162-year lease.
An alternative to extending your lease, is purchasing your freehold. The process is very similar but requires the co-operation of at least 50% of leaseholders in the building. By buying the freehold, you and the other leaseholder would essentially own a ‘share of Freehold’. This process can be more costly than extending your lease, as there are other elements that contribute to the premium, such as buying out any un-demised space or potential for development.