Survey and Valuation

Nigel Carter & Co. provides the following services in the area of residential survey and valuation:-

  •    The formal ‘Written Valuation’
  •    The RICS HOMEBUYER Survey and Valuation


The Written Valuation

There are occasions when owners need an independent, detailed valuation of residential property. The purposes of these valuations are many and varied, but can include:-

  •    Matrimonial or divorce proceedings
  •    Court proceedings
  •    Probate purposes
  •    Capital Gains Tax purposes for use by the Inland Revenue
  •    Annual Accounts of Charities who hold property
  •    Transfer of residential property between members of a family, etc.

The preparation and content of a Written Valuation are strictly controlled by the ‘RICS Appraisal and Valuation Standards’, with which Nigel Carter & Co. fully comply.


The RICS HOMEBUYER Survey & Valuation

If you are buying a home, it is likely that you will need a mortgage to complete the purchase. As a result you will need to pay for a Mortgage Valuation of the property you are thinking of buying. However, both the Consumers’ Association magazine Which? And the Council of Mortgage Lenders recommend that you arrange a survey by your own Surveyor. This is because the Mortgage Valuation is prepared for the lender and has the prime purpose of checking whether the property you intend to buy represents adequate security for a mortgage advance. It is not prepared for you and is highly unlikely to address the many questions a potential purchaser would ask.

The RICS HOMEBUYER Survey & Valuation – usually called
‘The HOMEBUYER Service’ – is intended for houses, flats, or
bungalows which are:-

  • Conventional in type and construction
  • Apparently in reasonable condition

Whilst being a thorough inspection of the property, the HOMEBUYER Service concentrates on the essentials; these are defects and problems which are urgent, or significant and which can thus have an effect on the value. It also contains much other valuable information and includes an independent valuation and an assessment of the amount for which the property should be insured.

The HOMEBUYER Service is very popular with property purchasers as it provides a concise, yet wide-ranging report in a standard format, is geared to answering most of the questions posed by a purchaser and is reasonably priced.