Valuations You Can Trust
When you need an indisputable valuation, you need a team on your side with the knowledge and experience to back up their findings with solid evidence and documentation. At Mylako we have that team!
Our chartered surveyors have intricate knowledge of property and tax legislation and the skills to negotiate on your behalf.
Speak to us today for a
professional, accurate and honest valuation - knowing it's a valuation you can trust!
What Is A Red Book Valuation?
A Red Book Valuation is a report that is prepared in accordance with the Royal Institution of Chartered Surveyors (RICS) Valuation - Professional Standards, commonly referred to as the "Red Book".
The Red Book Valuation is widely recognised and respected in the property industry as the golden standard, and it provides clients with the confidence that the valuation is accurate, reliable, and conducted in accordance with recognised professional standards.
The Red Book is a set of guidelines that outline the standards and requirements for property valuations carried out by RICS qualified surveyors. The report provides an independent and impartial assessment of the property's value, taking into account various factors, such as the property's location, size, condition, and market conditions.
When do you need a Red Book Valuation?
Red Book Valuations are often required when buying or selling a property.
The valuation report provides an independent and impartial assessment of the property's value, which can be used to negotiate the sale price.
Banks and other lending institutions may require a Red Book Valuation, this is part of the lending process to ensure that the property is adequate security for the loan.
Red Book Valuations may be required for taxation purposes, such as capital gains tax, inheritance tax, or stamp duty land tax.
The valuation report provides an accurate and reliable assessment of the property's value, which is used to determine the tax liability.
A Red Book Valuation may be required in legal disputes, such as divorce settlements or disputes over property ownership.
This valuation report provides an independent assessment of the property's value, which can help to resolve the dispute.
RICS Registered Valuers
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Contact our valuers today to arrange your valuation appointment or speak to us directly on 020 7183 0321.
Mylako Chartered Surveyors
Whether you’re buying or selling, extending your lease, calculating your tax liabilities, or looking for a dedicated Property Manager, we are here to help