LONDON PROPERTY VALUATIONS

Are You Considering Selling Your Property In London?

Or maybe you’re just interested in finding out what the current value of your home is... If you would like a property valuation for any reason, London Chartered Surveyors can assist you by providing a precise, up-to-date valuation of your residential or commercial property.

Obtain a RICS Red Book Valuation

When Is A Red Book Valuation Required?

Valuations requested by lenders, such as banks and mortgage providers, will require a Red Book valuation. They are also a requirement for legal proceedings that need a property valuation and where a tax calculation is required, for example in a divorce case, an inheritance tax calculation, a property dispute or for company accounting purposes. A Red Book valuation is generally requested by the accountant or solicitor handling the case because it serves as a guarantee that all the right procedures have been followed and the valuation issued will hold up against any scrutiny it may face in any legal proceedings.

At London Chartered Surveyors, you can count on our experienced and highly-qualified RICS chartered building surveyors to be able to provide you with an accurate valuation of your property. Our Red Book Valuations have the highest standing in any proceedings initiated involving financial or legal professionals.

So, whether you’re looking to buy, sell or invest in a residential or commercial property in London or need a property valuation for a tax calculation, lease enfranchisement or extension, shared ownership, staircasing, insurance or for a settlement, our team of qualified valuers at London Charted Surveys will be able to prepare a reliable, trusted valuation for you.

Do You Require A RICS Red Book Valuation?

As RICS regulated chartered surveyors, we always ensure our surveyors adhere to the RICS Red Book valuation guidelines. Are you looking to obtain a Red Book valuation, but not sure what it is? We receive lots of enquiries from people requesting a Red Book valuation. Put simply, it’s a property valuation that follows the professional guidelines and standards set by the Royal Institution of Chartered Surveyors (RICS).

The Red Book refers to the professional standards for property valuations laid down by RICS. A new version is usually published every couple of years. The RICS valuation standards consist of a set of compulsory rules and guidelines for RICS Registered Valuers to follow when carrying out professional property valuations. The latest edition of the Global Red Book was issued in November 2019, with a dedicated UK section for valuations that are subject to just UK law. The latest edition was released on 14 August 2019 and came into effect on 31 January 2020.

The role of the Red Book is to provide professional RICS regulated chartered surveyors with guidance and professional standards including duty of care, ethical standards, the valuer’s qualifications and the bare minimum content a valuation report should contain.