Davis Brown undertake most types of valuation and have Registered Valuers who specialise in Red Book valuations. These valuations are carried out in accordance with the RICS Valuation Standards. This is currently referred to as the "Red Book". We are registered under the Valuer Registration Scheme and are subject to monitoring by the Royal Institution of Chartered Surveyors (RICS). Normally, the valuations are based on "Market Value" but there are other values including "Worth" and "Fair Value" which can be provided if required.
We undertake mortgage valuations for various funding institutions, banks and building societies.
We undertake Section 18 valuations on behalf of either landlords or tenants. Any terminal dilapidations claim cannot exceed the amount by which the disrepair diminishes the value of the property. This is commonly called a Section 18.
valuation under the Landlord & Tenant Act 1927. Section 18 only deals with the landlord's claim for the failure to carry out repairs and does not cover other breaches such as reinstatement and redecoration. The valuation involves assessing the value of the property in its existing condition and the value of the property had the lease covenants been performed.
We carry out valuations for Capital Gains Tax and Inheritance Tax purposes, the latter often referred to as Probate. These reports are often submitted to HMRC. In the event of a dispute, we can represent clients at the Upper Tribunal (Lords Chamber) or Higher Courts. There are various assumptions which must be made when undertaking these valuations which differ slightly from the definition of Market Value.
- Red book Valuations
- Section 18 Valuations
- Inheritance Valuations
- Retrospective Valuations
- Balance Sheet Valuations
- Portfolio Valuations
- Charity Valuations
Please contact David Green on 020 7637 1066 for further information.