Belleveue Mortlakes offers unrivalled independent valuation expertise in accordance with the Royal Institution of Chartered Surveyors Regulations for all types of commercial and residential property; valuations which are required for a variety of purposes, including taxation, balance sheet, matrimonial, probate, litigation, investment and loan/mortgage security.
Our team has unrivalled, unique expertise and long established professional associations in their particular specialist locations in respect of both commercial and residential property and are themselves key individuals for valuation and technical data.
We offer three types of survey :-
(i) Valuation
A valuation is a restricted inspection and makes general observations only. When carried out on behalf of a mortgage lender the survey will comment on matters affecting the security of your mortgage lender's loan. The report describes the property, its location and condition (internal and external). It will refer to tenure, planning and building control matters.
(ii) Homebuyers Survey and Valuation (HSV)
A Homebuyer Survey and Valuation (HSV) is a far more detailed survey than the above, set out in a standard 'user friendly' format, defined by the RICS (Royal Institution of Chartered Surveyors). It is primarily designed for conventional properties built within the last 150 years, that are in reasonable condition.
An HSV includes details of:
(a) The property's general condition
(b) Any major faults, in accessible parts, that may impact on the value of the property
(c) Urgent and significant matters that require assessment before exchanging contracts, including recommendations for any further specialist inspections
(d) Results of any testing of walls for dampness
(e) Commentary on timber defects including woodworm or rot
(f) Comments on the existence and condition of damp-proofing, insulation and drainage (although drains are not tested)
(g) Commentary on movement and structural related matters
(h) Advice on safety and maintenance matters
(i) An overall impression of the services (however, not tested)
(j) Outbuildings will be inspected and commented upon but only in respect of serious defects
(k) Site boundaries etc. will be reported upon in relation to special risk, such as large nearby trees
(l) Matters which should be investigated or acted upon before legal commitment to purchase
(m) A clear and concise overview of the market value and marketability
(n) A recommended cost of re-construction in the event of damage (such as fire, for insurance purposes).
The inspection will look at all reasonably accessible parts of the property internally and externally (from ground level or publicly accessible areas).
(iii) Building Survey
A comprehensive form of survey generally recommended for large, older or unusual properties. Every aspect of the property is looked at as for the Homebuyer Survey and Valuation, but in greater depth.
A building survey includes details of:
(a) Major/minor faults
(b) Implications of any possible defects and the possible cost of repairs
(c) Results of any testing for walls for dampness
(d) Commentary on timber defects including woodworm or rot
(e) Comments on the existence and condition of damp-proofing, insulation and drainage (although drains are not tested)
(f) Extensive technical information on the construction of the property and details about materials used
(g) Details of the location
(h) Recommendations for any further specialist inspections
Our commercial valuation service covers all forms of commercial property. The process may involve a detailed analysis of lease and related relevant documentation to ensure that there are no onerous terms or conditions affecting value and to highlight any important issues of which the client should be aware. Valuations are carried out for a variety of purposes as set out above.
Through our specialism and expertise in carrying out secured lending valuations for a multitude of our corporate lending institutional clients we have created long term, well establish contacts at the highest possible levels and are able to provide the necessary independent guidance required to help protect and secure your financial well being whether it be a mortgage requirement, estate planning, inheritance tax, savings, trusts,insurance and pensions.
At Belleveue Mortlakes we believe in a pro-active rather than reactive approach to agency, making things happen and not waiting for them to do so. With a broad client base we deal with all aspects of the acquisition and disposal process of all types of commercial and residential property, offering a dynamic and innovative approach, handling each stage of the transaction.
Strong analytical, technical and professional skills combined with practical, business minded and unique negotiating skills leads to effective results. In this regard we have an acknowledged reputation of settling prompt rent reviews and lease renewals on behalf of both landlords and tenants alike. We also represent clients at Arbitration, Independent Expert Determinations and Court Hearings.
