The break up of a personal relationship is one of the most stressful of life experiences, regardless of whether the situation is contentious or amicable. One of the biggest issues is the family home and the division of property assets afterwards. We look at Matrimonial Valuation.
Whether cohabiting, in a marriage or civil partnership, a Chartered Surveyor will carry out a property valuation that will provide both parties with an independent, impartial report showing the true value of the property. This market valuation can be used to determine the division of property assets between the parties during separation proceedings.
The surveyor can also provide a valuation for mediators or the Court, and can provide Expert Witness testimony in Court if required.
A Matrimonial Valuation can be undertaken for one or both parties jointly, and will be compliant with Rule 35 of the Civil Procedure Rules (CPR) 1998.
It is usually necessary for matrimonial houses or shared property to be professionally valued to decide upon how the assets will be shared.
As a result of Lord Woolf’s report, which led to the Reforms And Civil Procedure Rules 1998, matrimonial valuations are usually carried out by a qualified Chartered Surveyor/Valuer who is appointed by both parties in the divorce with an independent valuation report provided for and to the Court. In most cases we are jointly appointed by instructing solicitors (on behalf of each party) to provide an independent valuation report for the Courts. We are able to provide matrimonial valuation reports in respect of the matrimonial house and/or other shared residential, investment or commercial property.
Valuations can also be carried out for the benefit of a single party for negotiation purposes.
As part of the propertysurveying.co.uk network, all our Valuers are fully qualified members of the Royal Institution of Chartered Surveyors. On an individual basis, our Chartered Surveyors have valued property assets from as little as £10,000 to multiple property portfolios valued in excess of several million pounds.
Our network of independent Chartered Surveyors and Valuers typically value in total many hundreds of millions of pounds annually and carry Professional Indemnity Insurance.
If you require the valuation of several properties or even a portfolio of properties, our head office can coordinate the whole valuation and quotation process, by calling us on 0800 880 6864. Our friendly team will be more than happy to assist you and answer any questions you may have.
Matrimonial asset valuations, property valuations for divorce, property asset valuations for property portfolios or individual properties anywhere in England or Wales.