There are many reasons why you may require an independent valuation. You may simply want to know the true value of your home, alternatively you may want to check the price of a property you are buying.
Help to Buy Valuations
You may have been asked to provide a valuation report. This will need to be completed by an RICS qualified surveyor.
Shared Ownership Staircasing Valuations
This is when you want to buy further shares in your shared ownership property, either bought new, as a resale, or via Social Homebuy.
Capital Gains Tax (CGT)
CGT is payable when you sell a property that is not your principal home. CGT is calculated by applying two valuations – one at the time of purchase, the other at the time of sale.
This type of valuation is often required where the estate of a deceased is taxable and therefore a valuation of the deceased’s estate is needed to assess potential Inheritance Tax liability.
Matrimonial/Division of Equity
When a long-term relationship comes to an end there are often complex financial issues to resolve. This may include the property you shared with your partner or there may be other property assets. To protect the interests of both partners, it is advisable to obtain an independent assessment of these assets to ensure you both know their correct market value.