Banks and other financial institutions, businesses, public authorities and individuals require valuations for numerous reasons including;
- Valuations for secured lending
- Valuations for accounts and financial statements
- Valuations for takeovers and mergers
- Valuations for Inheritance Tax and tax planning
- Valuations for pension schemes or transfers of assets
- Valuations for matrimonial and other property disputes
We specialise in industrial/warehouse, office and retail property and development sites, including for residential use, and our qualified RICS Registered Valuers have expert knowledge and extensive experience of these markets to be able to provide valuations of properties and development sites, for all purposes.
We are approved panel valuers for a number of banks and other financial institutions requiring valuations for secured lending.
Landlord and Tenant law can also give rise to the need for professional valuations, for example after service of a Schedule of Dilapidations where there is a dispute as to whether the landlord’s interest has been financially damaged or under the provisions of the Commonhold and Leasehold Reform Act 2002 when extending a lease or compulsorily acquiring the freehold interest in leasehold property.
Many of these valuations are required to be undertaken in accordance with the RICS Valuation – Professional Standards, incorporating the International Valuation Standards, (the ‘Red Book’) published by The Royal Institution of Chartered Surveyors and as members of the RICS Bowyer Bryce comply with these standards.
Valuations are also required to be undertaken by “Registered Valuers” who have been accredited by the RICS and all valuations undertaken by us are by such valuers.