Independent Valuation from an RICS Surveyor

An independent valuation from an RICS Registered Valuer is a fair 'Market Value' (MV) of the property, as set out in the definition given by the Royal Institution of Chartered Surveyors (RICS Appraisal & Valuation Standards – Also known as the Red Book) and which is as follows:

“The estimated amount for which a property should exchange on the date of valuation, between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”.

Why do I need an independent RICS valuation?

You may need an independent RICS valuation for one or more of the following reasons:

• Help-to-buy: To calculate loan redemption figure
• Shared Ownership: To derive shared ownership equity value
• Probate: To calculate inheritance tax liabilities as required by HMRC
• Capital Gain: To assess capital gain from retrospective and current valuation
• Matrimonial: To derive equity value within marital property
• Buy-to-let: To understand rental value and mortgage affordability
• Dispute Resolution: To assess share of joint properties in case of dispute
• Immigration Purposes: To provide evaluation of immovable assets
• Buying Property: To know a property’s market value to avoid paying too high a price
• Selling Property: To ascertain a property’s market value to price it correctly for a quick and efficient sale

How is a RICS valuation undertaken?

The RICS valuation report is delivered by a RICS Registered Valuer by carrying out following tasks:

1. Desktop research: Market research to identify relevant comparables that are like-for-like in terms of property type, size, and age, and within limited distance to the property being inspected.
2. Visual inspection: An internal and external visual inspection of the property to the extent which is accessible with safety and from within the boundaries of the site and/or from adjacent public/communal areas.
3. Post inspection analysis: Post inspection ‘number crunching’ i.e. translating the raw data into usable outcomes for the valuation report. The valuation report is produced in simple English and is compliant with the RICS valuation report requirements.

Why should I instruct HouzeCheck?

We are rated EXCELLENT on TrustPilot.

All our Surveyors are RICS Registered Valuers, and have experience of providing independent valuations of residential properties for all the above listed reasons.

We have a 100% record of all valuations accepted by relevant organisations such as Target HCA, Councils, Housing Associations, Home Office, HMRC etc.

From the point of instruction till the report is delivered the whole process is usually completed within 5-10 working days. In urgent circumstances we can deliver the report sooner.

There are no hidden fees or cancellation fees.

How much does it cost?

HouzeCheck provides an RICS valuation report at a low fixed fee. The fixed fees (including VAT) are:

• Upto 2-bed property: £299
• 3-bed property: £349
• 4-bed property: £399
• 5-bed property: £449

A £50 discount is offered for help-to-buy and shared ownership customers.

How can I instruct HouzeCheck for a valuation as soon as possible?

The easist way is to submit your details on the online form provided. Our appointments team will call you within 2 hours (9am to 8pm - Monday to Friday) to confirm the appointment date/time as per your convenience. Once the property has been inspected, the report will be delivered within 5 working days.

Alternatively, you may call our contact center on 0330 113 1133.