RICS RED BOOK VALUATIONS
As RICS Registered Valuers, we are instructed to provide formal valuations in accordance with the RICS Valuation Professional Standards for a variety of reasons to include:
Probate -we have experience of agreeing valuations with the District Valuer in the cases of contentious valuations for probate purposes.
Taxation- valuations are required for estate planning and for when transfers take place between connected parties.
SIPP-we provide valuations for pension fund purposes which must be prepared at ‘arm’s length’.
Shared Ownership-when a leaseholder wishes to acquire additional equity in their flat (‘staircasing’), the housing association will usually require an RICS valuation.