RICS REgistered

Matrimonial Valuations London

Matrimonial Valuations
Thomas Winfield
Mr Thomas Winfield DipSP AssocRICS

London Matrimonial Valuation Specialist

What is a Matrimonial Valuation?

An impartial matrimonial valuation is required when divorcees can’t decide how to divide their assets fairly. You’ll need a valuation from a RICS registered valuer for a judge to determine how to distribute your assets in accordance with the law.

Regarding your property, a divorce settlement briefly details:

In most cases, divorcees jointly hire an RICS registered valuer to get an accurate property valuation, though valuers can work for one party provided they remain impartial.

Depending on the assets you jointly own, you may also require valuations from other professionals. For example, you might need an antique valuer to estimate a painting’s value, especially if it’s likely to increase.

Winfields is a long-established firm of RICS Registered Surveyors.

An Estate Agent's Market Appraisal vs RICS Registered Valuer/Chartered Surveyor Valuation

Most people turn to estate agents to get a free house valuation. An estate agent will look into recent property sale prices in the neighbourhood to determine a house’s value.

It is worth knowing that estate agents are not qualified to provide you with an accurate probate value of the deceased’s estate. It would help if you had an RICS valuation, and a district valuer’s examination.

The main difference between a market appraisal and a valuation is that a market appraisal estimates a property's worth, but a valuation is a more formal procedure with written reports.

Divorce Settlement Valuations London

An Estate Agent's Market Appraisal vs RICS Registered Valuer/Chartered Surveyor Valuation

Most people turn to estate agents to get a free house valuation. An estate agent will look into recent property sale prices in the neighbourhood to determine a house’s value.

It is worth knowing that estate agents are not qualified to provide you with an accurate probate value of the deceased’s estate. It would help if you had an RICS valuation, and a district valuer’s examination.

The main difference between a market appraisal and a valuation is that a market appraisal estimates a property's worth, but a valuation is a more formal procedure with written reports.

The Benefits of Obtaining a Probate/Inheritance Tax Valuation

A RICS (Royal Institution of Chartered Surveyors) matrimonial valuation can help you in divorce or separation proceedings. It involves a professional valuation of marital assets, such as property and land, in order to determine their market value.

Get A Matrimonial Valuation Today

FAQ

Frequently Asked Questions

By acquiring a matrimonial property valuation, you can:

Get Advice from an Independent RICS Registered Valuer
– This will give you a professional, impartial valuation.

Prevent Legal Disputes
– With an independent valuation, you can avoid the need to go to court.

Obtain What’s Rightfully Yours
– You only give up assets you believe belong to you once you have a market valuation.

Provide Court Proceedings Go as Smoothly as Possible
– An accurate matrimonial valuation will stop delays by supplying your legal advisors and the judge with the essential information.

Divorce rates have seen a four-fold increase in the past forty years. That’s a rise from 2% to 8%. We appreciate that going through a divorce can be an emotional and traumatic experience. Generally, your assets have to be divided fairly and equally. In particular, the marital home can become a bone of contention.

All assets must be divided equally and fairly, including the matrimonial home or shared property and investment or commercial property. Surveyors usually carry out matrimonial valuations for solicitors handling the divorce or county/high courts if there is a dispute – and they can also stand as expert witnesses.

Surveyors are generally jointly appointed by the solicitors of each party. Their job is to present an independent valuation for and to the court. They can also carry out valuations for single parties to use in negotiations.

Valuations may be disputed. For example, one party may see no reason for another valuation if they already have one to hand. Or you may be the party insisting on another because you suspect your spouse has given a particular asset an unfair or unrealistic value.

All matrimonial property valuations must comply with rule 35 of the Court Procedure Rules (1998). By offering a tailored service at Winfields Surveyors, we get to know our clients closely and, in some cases, may have worked with them before in happier circumstances when they have been buying and selling homes. We know them and their property and can lend a sympathetic, knowledgeable ear to both parties.

A RICS (Royal Institution of Chartered Surveyors) matrimonial valuation can help you in divorce or separation proceedings. It involves a professional valuation of marital assets, such as property and land, in order to determine their market value.

Avoid Any Doubt Or Disagreement

This valuation can help ensure a fair and equitable division of assets between the spouses, as it provides an independent and unbiased assessment of the property’s value. This can be particularly important in cases where there is disagreement over the value of the assets or where one spouse may be attempting to conceal or undervalue assets to gain an unfair advantage in the divorce settlement.

Should You Wish To Buy The Other Person Out

A RICS matrimonial valuation can also be helpful in cases where one spouse wishes to buy out the other’s share of the marital home. By providing an accurate valuation of the property, the spouses can negotiate a fair buyout price that considers the property’s current market value.

Keeping It Fair Between Parties

Overall, a RICS matrimonial valuation provides an essential tool for couples going through a divorce or separation, helping to ensure a fair and equitable division of marital assets.