Whether your client has just begun on the property ladder or unfortunately has to deal with a deceased loved ones estate, valuations are required on a regular basis by a majority of people throughout the year. We generally associate valuations with mortgages, but there is an array of valuation reports available in the market place covering every aspect of our lives.
The three most commonly property linked valuations are Mortgage Valuations, Matrimonial Valuations and Probate Valuations.
Mortgage Valuations are used to advise lenders on security only when agreeing to a mortgage. This is a brief report and is not a survey. Once the mortgage has been agreed it is strongly advisable to instruct a survey from a professional surveyor to accurately assess the condition of the property for the buyer.
Matrimonial Valuation - When long-term relationships come to an end, there are often significant financial issues to resolve. Sometimes this can include the property shared.
To protect both parties’ interests, getting a professionally prepared, independent valuation of the shared home to assess its market worth is recommended.
Probate Valuation - This is a very useful report that deals with a deceased person’s property which is usually the most valuable asset in their estate. A valuation helps the clients ascertain the estate’s value quickly, enabling them to compare liability and determine the applicable inheritance tax and aids in a speedy conclusion of the estate.
If you have any further questions regarding any of the above valuations please contact one of MAP’s helpful and friendly team on Tel: 0845 63 44 187
or visit our website
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