RICS Valuations You Can Trust

RICS Valuations You Can Trust

When you need an indisputable valuation, you want a team with the knowledge and experience to back up their findings with solid evidence and documentation. At Mylako Chartered Surveyors, we have that team!

Our chartered surveyors possess intricate knowledge of property and tax legislation, along with the skills to negotiate effectively on your behalf.

Contact us today for a professional, accurate, and honest valuation—one you can truly trust!

What Is a Red Book Valuation?

A Red Book Valuation is a report prepared according to the Royal Institution of Chartered Surveyors (RICS) Valuation – Professional Standards, commonly known as the "Red Book."

Recognised as the gold standard in the property industry, this valuation offers clients confidence in its accuracy and reliability, adhering to established professional guidelines.

The Red Book outlines the standards required for property valuations conducted by RICS-qualified surveyors. The report provides an independent, impartial assessment of the property's value, factoring in elements such as location, size, condition, and current market conditions.

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When Do You Need a Red Book Valuation?

There are a number of reasons why someone may need a Red Book Valuation:
Property Transactions

 A Red Book Valuation is often required when buying or selling a residential property, offering an impartial property valuation to assist in negotiations.

Secured Lending

Banks and other financial institutions may request a Red Book Valuation as part of the lending process to ensure the property provides adequate security for a loan.

Taxation Purposes

For capital gains tax, inheritance tax, or stamp duty land tax purposes, a Red Book Valuation provides an accurate property valuation to determine tax liability.

Litigation and dispute resolution

A Red Book Valuation is essential in legal disputes, such as divorce settlements or property ownership conflicts. This formal report offers an independent assessment of the property's value, aiding in dispute resolution

What Makes a Red Book Valuation Different from a Market Appraisal?

A Red Book Valuation is an independent assessment conducted by a RICS Registered Valuer, who prepares a formal report on the property's current market value. It is often confused with a "market appraisal," which is an informal opinion provided by estate agents, offering general estimates and guide prices for marketing purposes.

In contrast, a Red Book Valuation is a detailed, evidence-based assessment carried out by a certified expert, taking into account the property’s condition and local market knowledge to provide an accurate valuation.

Call to Book Your Valuation

Book your RICS Valuation

Contact our valuers today to arrange your valuation appointment or speak to us directly on 020 7183 0321.

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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

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