Chartered Surveyors in welwyn garden city
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
rics red book valuation reports
What is a ‘Red Book’ Valuation and how and when should one be used?
A ‘Red Book’ Valuation should be used by any RICS Regulated firm when valuing a property. Not all types of Valuation reporting is required to be Red Book compliant but even when not, we try to comply with the Red Book where we see that in doing so, we are following best practice.
A ‘Red Book’ Valuation follows a strict set of mandatory rules and guidelines and guidelines that are set out by the RICS. It does not tell the Surveyor how to value your property but sets out standards that should be followed. It ensures that a valuation report is of a minimum quality.
At Websters Surveyors all of our valuation reports follow the mandatory rules and guidelines set out by the RICS whether the particular report needs to be ‘Red Book’ compliant or not. This way we can guarantee professionalism and accuracy in all of our reports.
The Courts often require expert evidence from an Independent Chartered Surveyor & RICS Registered Valuer to determine the Market Value of a Property on a given date, often a retrospective valuation exercise.
Examples of this may be where Family Law Solicitors are putting cases forward for division of assets within a failed marriage or where there are accusations of professional negligence in valuation, defective building works or boundary disputes.
From time to time our Surveyors have been required to attend Court, a Tribunal or a Public Inquiry to provide expert witness valuation reports and advice.
For example, a number of leasehold reform (lease extension and enfranchisement) matters reach the First Tier Tribunal of the Lands Chamber or Compulsory Purchase matters reach the Upper Tribunal.
More commonly are where we are appointed as Single Joint expert by the parties, either voluntarily or through Court direction to value assets.
Where we are appointed to provide Court compliant reports, including for litigation support, we follow Part 35 of the Civil Procedure Rules (CPR) 1998 and on the RICS requirements for Acting and an Expert Witness.
Our reports are impartial and rely solely on the relevant available evidence, disregarding any undue pressures from any of the parties involved. Our reports are Independent with our duty of care being to the judicial process irrespective of who has appointed us or paying for our service.
regulated by rics
As an RICS regulated firm we have to abide to the following 5 fundamental ethics that are part of the RICS ethos:
1) Act with integrity
2) Always provide a high standard of service
3) Act in a way that promotes trust in the profession
4) Treat other with respect
5) Take responsibility
Most of these are fundamental to our business and would be incorporated into our own ethos whether part of the RICS or not. However, being a regulated firm, we can be held accountable if we are unable to comply with the above.
It is of course our aim to not only comply with the above but to provide a full professional service on every matter and ensure that all parties are happy with the eventual outcome.