How to Calculate the Diminution in Value of the Freeholder’s Interest

Tuesday, 15th February 2011Leasehold Valuations | Surveying

In my last post we said that we would start to look at how ‘The diminution in value of the freeholder’s interest in the subject property’ is calculated.

Generally there will be two elements to take into account. This will be the loss of the income from the ground rent and the loss of the potential reversion at the end of the original lease term.

As you will recall from our earlier posts, when a new lease is granted under the Leasehold Reform Act it is at a ‘peppercorn rent’, which means effectively no rent is payable. Most original leases will have provision for ground rent to be paid by the lessee to the freeholder on an annual basis. The rent is usually quite low and is often in the region of £50 to £100 per annum.

The freeholder has to be compensated for the loss of the ground rent and it is probably easiest to illustrate this by using some examples. Let’s assume that we have a flat with an unexpired lease of 70 years and that the ground rent is £100 a year. For the purposes of this illustration we will also assume that the flat would be worth £200,000 on the open market.

If the lease were to run to the end of its term the freeholder would expect to receive £100 a year for the next 70 years. In calculating the freeholder’s financial loss we have to work out what the present value of the right to receive £100 a year for the next 70 years is. To put it another way, how big a lump sum would you have to invest today to give you an income of £100 a year for the next 70 years.

To make this calculation we have to assume that our lump sum investment would attract interest. We have to decide on a percentage return and the courts have generally accepted that this kind of investment would provide a return of about 8%. Unfortunately, we now have to use some equations.

The equation to calculate the present value of the right to receive £1 per annum would be as follows:-

1/r-1/[r(1+r)^t ]

In the above equation r is the annual interest rate and t is the length of time in years. In our case the interest rate (r) is 8% and the time in years (t) is 70. Using these figures, the equation gives us a result of 12.4428.

The ground rent in our case is £100 a year and we have to multiply 12.4428 by £100. This gives a figure of £1,244.28. We would have to invest £1,244.88 today to produce an income of £100 a year for the next 70 years.

To compensate the freeholder for the loss of income from the ground rent we would, therefore, have to pay £1,244.28.

The next thing to consider is the freeholder’s loss of the reversion at the end of the existing lease. If the lease were allowed to run its course the freeholder would potentially have a flat that would be worth £200,000 in 70 years time.  We have to carry out a similar calculation to work out the present value of the right to receive £200,000 in 70 years time. Again we need to assume a rate of interest. In the case of the reversion the courts have accepted that a reasonable rate of return is 5%.

We then need to produce an equation that will tell us what the present value of £1 is where r is the annual interest rate and t is the length of time in years. The equation is as follows:-

1/(1+r)^t

In our case the interest rate (r) is 5% and the time in years (t) is 70. Using these figures, the equation gives us a result of 0.0328662. The market value of the flat in our case is £200,000, so we have to multiply £200,000 by 0.0328662 which gives us a figure of £6,573.24.

This means that we would have to invest £6,573.24 today to amount to £200,000 in 70 years time. It follows then that this is the amount that the lessee would have to pay to the freeholder in compensation for the loss of reversion.

You will probably have noted that the calculation does not take any account of the possibility of the value of the flat increasing over the next 70 years. This isn’t an oversight; the legislation does not allow for potential property inflation in the calculation.

We have now considered in principle the various ways in which the freeholder has to be compensated for the grant of new lease under the Leasehold Reform Act. In the next few posts we will show some worked examples, which will, hopefully, make things a bit clearer.

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Very good & professional surveyors. Excellent communication & speedy on resolving issues. Would definately use again. Thank you.
sara brouwer
We requested a Level 2 survey from Peter Barry, and our surveyor David Breeze was a godsend! As first-time buyers we were facing a lot of unknowns, and David went above and beyond to help us with the process. At our request, David gave us a call straight after surveying the property and talked us through his findings. He was extremely generous with his time, and had extensive knowledge of the local property market as well as the condition of the property itself. He answered all of our questions in-depth and even gave some useful insight into how to get the best out of our solicitors and estate agents. The survey report followed swiftly and was comprehensive and clear. We are very grateful to David, Joanne and the wider Peter Barry team for their service - working with them was one of the best decisions we made during the buying process.
Excellent service from Peter Barry Surveyors. They were very professional and able to conduct survey really quickly after I made an equiry. The Valutation Report was delivered within days. I would recommend using.
Mark B
Very happy with the Level 3 Building Survey we requested from Peter Barry Greenwich - it was constructed promptly and was very helpful. Thanks in particular to our surveyor Steve who answered the questions we had on the survey and to Joanne for arranging and delivering.
Georgie Murrin
Very satisfied with the results. Callum helped both parties reach a fair agreement with ease and professionalism. Would highly recommend.
isabelle c
Would recommend Peter Barry for a pre-purchase level 2 survey. Prompt response, survey booking in, and a very helpful and thorough report. They were happy to promptly answer any follow up questions too. Thanks very much.
Russell Greatbatch
Contacted Peter Barry Surveyors to discuss a shared Chimney Stack. Both Daniella who took my original query and then Shaun Blake who discussed my issue in more detail were both amazingly helpful.Thank you to you both for putting my mind at rest and outlining a plan in resolving my issue going forward.
Nancy F
Very detailed survey provided, arranged quickly and easily. Great customer service Thank you
Charles Norm
Fantastic company. This is the first time we worked with Peter Barry Surveyors to survey our plans for a loft room conversion. From start to finish the whole team was fantastic. Great communication throughout and they worked efficiently to help meet our deadlines. Jack and Mathew were particularly great to work with. Can't rate them higher and we're so glad they're local to us - we'll be going to them for any future builds. I can highly recommend them to others.
Rhonda Cox
I recently turned to Peter Barry Chartered Surveyors with a tricky issue involving a party wall and our neighbour’s new loft, extension and gutters/downpipe rainwater flooding. After sending across documents requested, I was contacted by William Weaver at Peter Barry. He was excellent and offered me sound advice and guidance to move forward. William clearly has vast experienced in property and his knowledgeable was invaluable. It was refreshing not to interact with a faceless online portal. I would definitely recommend Peter Barry and William Weaver to anyone needing a surveyor and help with party walls. Many thanks.
Keith Young
Peter Barry were recommended by another independent surveyor who could not accommodate us due to work and holidays. The housebuying process and engaging a surveyor is entirely new to me. David Breeze who performed our survey exceeded all expectations I had. Not only was his report excellent but he has spent a considerable amount of time with us post-survey patiently explaining the significant and not-so-significant findings, answering all our questions and giving us invaluable advice on defect remediation and the homebuying process in general which I would have considered to be far outside the original remit but is very, very much appreciated.
John Cryer
William was very knowledgeable and provided excellent and objective advice.
Stacey Venn
Incredibly friendly company, easy to use and efficient. Thanks Steve and team!
Paul Church
Justin was great and visited the property very quickly and had a great turnaround time to providing us with a detailed survey and photos of any issues found at the property. It helped us feel informed for our purchase of the property. I would use Peter Barry Surveyors again in the future.
Hannah Bennett
We have been so happy with Justin and the team. They have been prompt, thorough and professional and have answered all our questions. Ishrat has also been wonderful. Thank you!
C K Pensoy
Callum Escott of Peter Barry Surveyors worked for us in an extensive refurbishment project in the Kensington area. He was particularly diligent in resolving a party wall issue with the adjacent property and he successfully brought the matter to conclusion. I recommend him and his company without reservation
Jonathan Eyers
Provided excellent, comprehensive advice about specific issues with my property without my having to make any prior commitment to progress to paid services. Recommended for their expertise, and your peace of mind.
Maelle
Peter did an amazing job of surveying our flat. Very professional service. Thank you very much
Peter Fundela
Needed to get a survey for a lease extension, Peter Barry was recommended to me by another surveyors. I found the process very quick and easy as I had the spec of the property. I had a few questions regarding the survey, so I left a msg for Steve who rang me back straight away and answered my questions.
Margaret Huggins
I found your company to be very prompt and very efficient . The survey carried out was of high standard and exactly what I asked for.
Ann Strydom
As a first time buyer, I really appreciated the very prompt and helpful advice provided by Matthew Price at Peter Barry Surveyor.
Emma Farrall
Excellent Service provided.
Andrei Skorobogatov
Many thanks for good quality work - especially to Callum Escott who was very supportive and engaged throughout.
Anne O
The report Justin Burns wrote was excellent and showed expertise. It was extensive, detailed and it gave us a very good idea of the state of the house. He also kindly offered to answer any extra questions we had, after reading the report. I will certainly come back to him for the next report (since we didn't buy this property).
Nick Jones
Speedy and thorough service - thanks!
Camilla Parsons
Excellent service and William is always willing to help and go that extra mile!
Mia Walls
Peter Barry were very helpful through the whole survey process from booking through to sending us the results. Joanne was always very prompt and professional. Our survey was very detailed and Peter Barry were always happy to answer any additional questions we had.
James Collerton
I very much recommend Peter Barry! We used them for a property in Walthamstow and they were rapid and professional. We particularly appreciated them coming back to us with more advice following our questions on the report, and their support throughout the whole process. Would use again!
Sunny Patel
Very polite and friendly team in particular Joanne Bartlett. The survey report was easy to understand yet very detailed. Great experience and i will definitely be using them again.
Tk Chiam
A little pricey but I am very pleased with their service and professionalism. Ishrat was helpful and kept us updated throughout the process.
Nicole Reid
I highly recommend Peter Barry surveyor for his professional and responsive approach in supporting us with our extension project.
George Clarke
I highly recommend Peter Barry Surveyors. Communication with Joanne throughout the process was excellent and were able to get our survey completed and report back to us promptly. They identified a few issues that have subsequently helped reduce the purchase price. Will definitely be using them in the future!
Geoff de Burca
I needed a valuation of my leasehold property to start the process of buying the freehold. Steve Hobbs provided an excellent service, and was very clear and helpful in explaining the process and answering my questions. Would recommend.
Dominic Higgins
I had excellent service from the Peter Barry Team and Steve Hobbs who carried out a lease extension survey report for me. Was supplied in quick time and the whole experience was very efficient and smooth. Highly recommended!
Susanna Winsnes
Excellent service
This is the second time we have used Peter Barry for a Building Survey Report.The report we received was really thorough, easy to read and included a lot of helpful comments on things to check with our solicitor.The service is very efficient and we were kept updated throughout. It was very easy to arrange to speak to our surveyor (Shaun) who was easy to talk to and patient with our questions.We would recommend Peter Barry to friends and family.
Cristina Santos
Peter Barry Surveyors came highly recommended for our Homebuyer survey from family members. As first-time buyers the entire buying process can be quite overwhelming but having a survey that you can trust is essential. Ishrat and John kept their communication at all times and were very prompt booking the survey and answering any questions we add. A note I would just put forward, old houses surveys can be extensive and scare anyone out as well. This was the case with us, however call your surveyor to ask questions and arrange the specialist checks they advise prior to any panic.
Seb L
Had a great experience with James at PBS handling a party wall matter. All round professional and good comms. Our neighbours chose to use them as a joint surveyor and they seemed to act positively but fairly for all parties.
Richard Nguyen
Callum Escort was extremely professional in aiding me for my home. He ensured that the process was efficient and collaborative with friendly advice; I would highly recommend!
Anthony Mazen
Peter Barry Surveyors were excellent. Justin and Ishrat were very responsive, the report was pulled together extremely quickly and was very comprehensive and easy to understand. As a result not only do we feel like we are walking into our house purchase with our eyes open, but we have already been able to get the seller to cover the cost of items we hadn't appreciated were even issues. Worth every penny! Thank you.
Cameron Weights
Having been a previous employee at Peter Barry I had no hesitation in engaging them on a Home Buyers report for a property I am purchasing in Hove. Shauns report was highly informative and delivered to us quickly to ensure no delay in the buying process.
Theresa Alexander
Amazingly efficient , and professional. We were very happy with the service.
Edie Lobo
Professional and efficient surveyors. The process was clear and east throughout. Many thanks!
Ian Press
Very helpful. Their comprehensive survey enabled us to make an informed decision about the purchase of a property we had been looking to buyEdit - I have now had a second survey done and am very happy with the service and the report received.*Edit - and now I have had a survey completed on a third property. Again, excellent service and advice from the surveyor.
Mark Hopkins
Very quick, accurate and clear survey from this company. Helpful around the queries I had and even followed up a couple of weeks after the survey to see if I understood everything. Would definitely recommend.
William Ottway
An excellent, professional and prompt service. I've used Peter Barry Surveyors twice now in the past 18 months and can thoroughly recommend. They're responsive, friendly and most importantly deliver the required output without issue.
Helen Bull
I would highly recommend Callum Escott who has provided a fantastic client service and completely turned around what had been a substandard service from the team that left him to pick my case up.
Mo Hoseini
We had a great experience with the team at Peter Barry, from admin to surveyor. They are all super professional, and we will use their expertise and service again. Thanks to both Mattew and James.
Alexander Chapman
We required a quick desktop Lease Valuation Report. After searching the interest for local quotes, not only their fees are very competitive, their service quality is also smooth and professional. Report was returned very quickly and liaising with team members Steve and Joanne, I felt that all my queries were dealt with smoothly.Recommend and Thank you!
Khetan Raghavani
Callum provided us services for party wall agreements, he was very helpful in explaining and managing the process for us and getting the agreements complete.
Joseph Antoniou
Excellent professional service. I used Peter Barry Surveyors for my lease extension. Their valuation report was prompt and clear. I signed up to their negotiation service and their strategy was tailored to my needs. Strongly recommended.
Ellen Bazley
Excellent experience using Peter Barry Surveyors, Joanne always communicated with us promptly and the whole process of booking our survey was extremely easy and hassle free. Would highly recommend.
Katie Gillard
Callum was really supportive in getting our party wall agreement in place quickly so there was no delay to our project.
Amber Robinson
Great customer service, very helpful and quick to respond to queries.
Gabriele Lico
We worked with Callum at Peter Barry for our complex extension project where he worked on the party wall awards. We could not have better things to say. Callum was always available and responsive, very knowledgeable and always ready to help. We drove us through the process always having the time to discuss when needed. Great experience, would recommend to anyone looking for someone reliable and efficient. Will definitely refer business over!
Dikla Cohen
I've used the services of Peter Barry Surveyors (North London Office) multiple times now and they have consistently been trustworthy, professional, available for consultations and reasonable price wise. The reports provided were thorough and helpful. This has especially been valued after a terrible experience with a different surveyor I was tempted to use once due to slightly faster availability. I highly recommend using them and will not think twice if and when I need another survey done.
Laura Fenton
Very fast turnaround and great communication from Matthew Price and his team. They went above and beyond to ensure I had everything I needed from the get go.
Daniel Prinz
Can absolutely recommend PCB. All valuation issues and negotiations regarding a lease extension very handled excellent and in time.
Stefan Georgiev
Peter Barry Surveyors came recommended by our architect, and we were very happy with their services. Callum Escott was very professional, kept us updated and got things sorted with our neighbor in no time. It was difficult to get hold of the owner at first as the property is rented out and the owner lives abroad. So they needed a little help from us chasing up the owner otherwise we would have missed the legal timeframe for getting a response. This is where we feel they could have been a bit more proactive... Overall great experience working with them and would highly recommend their services.
James Mackenzie
We recently had to get a party wall agreement arranged and completed at speed due to our building work commencement date being brought forward. The team at PBS was great. Efficient, professional, and helpful in getting everything sorted with the least amount of fuss and ensuring we could start the building work on time. Happy to recommend them.
Lou G
I recently used the services of Peter Barry and was extremely satisfied with their work. My surveyor, Shaun, was knowledgeable, thorough and provided clear and concise reports detailing their findings and recommendations. I felt confident making informed decisions based on their expert advice. I would also like to acknowledge Joanne whose communication throughout the process was excellent, I would highly recommend their services.
Sam McNeil
I am an architect, I worked with Callum Escott on what we thought was to be a simple party wall notice. It became much more complicated but Callum helped me with patience and professionalism. Highly recommend.Sam McNeil
Alexandra Rybacki
I was nervous about party wall agreements for our extension as we have 5 different neighbours. James and the team were fantastic: so responsive to questions, really knew their stuff and kept me updated every step of the way. We got a very positive outcome and the whole experience was entirely stress-free thanks to them. I’ll definitely use them when I need a surveyor in future.
Sarah Kerley-Burton
We were represented by Callum Escott of Peter Barry for two Party Wall Agreements and he was lovely to work with both times.He was very patient when I was unclear about something, his communications were always very speedy and easy to understand, and the agreements were rapped up very promptly.It felt like having a real ally as we navigated this new territory.
Hervé Durán
Excellent experience with Peter Barry Surveyors. Very good service - would recommend!
Paul Morris
I was really impressed with Peter Barry. I am a first time buyer so the whole process is a bit of a labyrinth and they were quick and efficient. I called with the surveyor (Shaun) the day after the survey and went through the survey in detail with him. He was articulate, generous and easy to chat with. I had particular anxieties about the roof and Shaun went up and took a look, something all the other surveyors I spoke with wouldnt do. Happy to recommend
Julien Le Doaré
Very friendly and easy to communicate with the team. The report was simple and precise.
Pete Gow
Thorough, timely and wholly professional service by Callum Escott. Some months ago Callum was assigned to us as a Party Wall surveyor during a neighbours work, so when the time came to do our own renovations, we couldn't think of anyone else we would rather use.
Jamie Lowe
Really positive experience. Would recommend this firm
A C M
I contracted Peter Barry to provide me with a valuation for a Property Lease Extension. Steve Hobbs at Peter Barry provided an efficient, professional and cost competitive service and a complete report to enter the Lease negotiations. Very satisfied.
Maureen Greensmith
We recently used the services of Peter Barry to survey and report on a property in South Woodford that we are looking to purchase.We found the them polite and efficient. The survey was carried out promptly and the report delivered to us without delay.We opted for the Home Buyers Report and the findings gave us the confidence to move forward but also highlighted areas that we need to ask our solicitors to look into.We would have no hesitation in using their services again and in recommending the firm to others looking to have properties surveyed.
David Lucas
I was very pleased with the communication and speed of service. Thank you.
James Beaumont
Exceptional and speedy support from a very professional and personable firm. I had a Party Wall matter that needed turning round quickly and Matthew and Bawor managed to do so at every stage of the process. They responded quickly to my queries and all matters were dealt with whilst I also got a great education in Party Wall considerations! Superb advice and execution throughout - thanks!
Narendra Varsani
We used Peter Barry Chartered Surveyors to carry out the party wall agreement and Callum Escott was leading who was very professional and kept us updating regularly until the award was issued.I will recommend Peter Barry Chartered Surveyors to others and thanks for the professional services given to us.
Sthen King
A very efficient and friendly service. Matthew was able to guide us through the process clearly and swiftly. Highly recommended!
Hilma Pascal
We needed to obtain a party wall agreement in place at short notice. We instructed Callum Escott from Peter Barry in South Woodford. Callum provided an efficient and prompt service from our initial instructions to completion of the party wall award and in time for the works to commence.
Heather Steed
Callum Escott was immensely helpful and helped out in an immensely stressful situation at short notice. Thank you so much
Christine Kyriacou
We needed surveyors to act on our behalf for party wall agreement and we were recommended Peter Barry. They were very efficient in responding back to us and Callum was very professional and most happy to explain the process involved. Callum was also most approachable if we needed to ask any further questions, will be definitely recommending Peter Barry.
tharuma Gowri
Callum Escort from PBS was an excellent professional who was very helpful and proactive. He gave us great advice and was able to liaise with property owners to ensure that everything was sorted out within the given time frame for our part wall agreement.He is a true professional and I would happily recommend him to anyone.
Ian Ross
Callum Escott was assigned to our case for a party wall agreement. He was very professional and thorough. Peter Barry will be our first port-of-call for future work & I will be recommending to friends and family. Thanks!
Phil Hobson
David and the team have been fantastic and really professional. We had some challenges with the party wall agreements ,however the team at PBS really helped us to get the right outcome. Easy to recommend.
Olivia Gordon
Peter Barry have acted as Party Wall Surveyors on two recent residential projects I have worked on. Callum Escott was very helpful and efficient - great service.
Phil Watson
The team were very professional in their handling of the survey
Essex Property Consultants Ltd
Having used Peter Barry surveyors for a party wall in connection with our neighbours loft 2 years ago we decided to instruct James on behalf of our mother in laws extension. The communication throughout was excellent and James and the team dealt with everything in a swift manner. I would have no hesitation in recommending.
Thinh Tran
Peter Barry provided an excellent service. I had a homebuyer survey carried out by them and found that it was simple to arrange and the turn around to be quick. Communication was good throughout the process. Would recommend.
Benjamin Gilpin
I recently contacted Peter Barry Surveryors to carry out a desktop valuation, on short notice, for a residential property that they had previously performed a detailed valuation on, a few years prior. Steve Hobbs was highly responsive to my request and delivered the report very quickly. An efficient and thoroughly professional service.
Lewis Green
Wanted to give a review of Peter Barry Surveyors and especially Callum as the service has been so professional. Callum is extremely efficient and knowledgeable and took the time to fully explain the process and guide me through each step carefully. He acted quickly at the outset allowing me to start work promptly which saved me money and time. I have no hesitation in recommending Callum and in fact will do my best to do so going forward. Thank you - A very happy customer !
Max Johnson
Amazing, professional service, detailed report, and very good customer service. Matthew is knowledgeable and very helpful.I also worked with Shaun and he was brilliant as well - very detailed and produced an excellent report for me. Thank you
George Brodie
Peter Barry were very responsive, quick and helpful. Shaun (our surveyor) did a fantastic job and was very responsive when we required him to be.
Jessica Park
I contacted Peter Barry to discuss their defect survey service. I was helped by Shaun who gave me sound advice on when such surveys are useful, the type of access required for them to be effective, and, importantly, what they will not reveal. I really appreciated his helpfulness and honesty, which ultimately saved me money. This excellent customer service is what will bring me back to this business when future needs arise.
Penny Smith
Excellent service from Peter Barry Surveyors. Excellent communication throughout the process and rapid response - survey and report completed within 10 days of booking. When my link person was on leave another colleague happily took over and ensured our report was sent quickly. Report was fantastically detailed with photo’s and specific recommendations. Report was also easily understood. Would highly recommend.
Monika Pirani
I am really grateful to James Merewhether and his team for a very professional and friendly service which helped to resolve a dispute that lead to a party wall agreement. I am particularly grateful to James for his immense patience and his detailed report.
Oz Osbaldeston
Very good service - Prompt replies and communicative throughout. Even when there was an issue gaining access to the property for the survey, they were very accommodating and made no issue about rearranging - would recommend!
My experience with PBS was great. I contacted them and next day I was on the phone with Matthew. He sorted everything out and in few days I had the party wall award issued. Highly recommended.
Sophie Latham
Great professional and personable service. Fee's are very reasonable and the work detailed
damien wilson
Very happy with the work carry out by Callum Escott on my behalf.Both professional and prompted.Would definitely use Peter Barry again
Neelam Akhtar
I would highly recommend Peter Barry Surveyors. I was very impressed with the service I received and how quickly they were able to deal with the party wall agreement, the service was excellent, very professional and efficient. Our surveyor during this process was William Weaver and he was absolutely brilliant, he made the process easy and kept it stress free.
Simone Prandi
Been using Peter Barry Surveyors and the support given has been incredible as always contacted me to update on each step.I will definetly them and especially Callum who has been great on his side.
Max Johnson
Great service! Excellent to work with and would highly recommend - thanks
Katie Morley
Thank you to Callum who got our party wall agreement done under huge time pressure. Really appreciated this!
G. C.
Not only their fees are very competitive, their service quality is also exemplary. All the steps from enquiry, quotation, booking, and inspection through to preparing the reports- were helpfully and efficiently handled by all three team members (Daniella, Joanne and Steve)that I dealt with- all my queries were very quickly responded to. Wholeheartedly recommend.
Viola Lanari
Brilliant service and professional people.
Christopher L
Easy to use service, efficient and thorough survey in connection with a house purchase.
Alice Noctor
We used Peter Barry for the survey for our property purchase. Very impressed with the speed and efficiency of Joanne as well as the detailed report from the surveyor.
Francesca Morosini
I have used the services of Peter Barry Surveyors to help me with a party wall matter, whereby my neighbour planning to do works to his property tried to bypass the correct and required procedure in these matters. I decided to use my own surveyor. I was allocated Mr William Weaver who was a very professional, pleasant and attentive surveyor; as was his very efficient and equally attentive and agreeable administrator Ishrat. This was my first time dealing with Peter Barry Surveyors and the experience has been very positive; I have no hesitation in recommending William Weaver and the team at Peter Barry Surveyors.
Lisa Stevens
Prompt and helpful response to an initial enquiry, survey carried out in a timely manner with a clear and detailed report provided. Would recommend.
Ashwin Bhanderi
Callum Escott was very professional and well spoken during his visit and carried out his survey well thank you Callum
Andrew Baker
Had Peter Barry Surveyors come in to undertake structural survey on house when noticed cracks appearing over window following period of dry weather. Excellent service provided, very methodical and well presented report to give insurance company.
Charlotte Green
They completed the survey very promptly and thoroughly, and were happy to answer any questions I had.
Terence O'Sullivan
Professional throughout on both the administration and surveying side. Many thanks to the excellent team.
Joanna Odoherty
I recently used Peter Barry Surveyors (Matthew Price) to assist me with the valuation of my property and the subsequent lease extension negotiations with my Landlord. Matthew prepared a desk top valuation report using floorplans I already had for my property, which was less expensive than but still very in-depth. Having never been through a lease extension process before he made it so much simpler for me. When I received the Landlord's counter offer which was initially quite high I was a little worried. Matthew was extremely professional and very efficient in keeping me updated. Matthew successfully negotiated with the landlords valuers on my behalf to reduce the lease premium down by over £2,000 on their initial offer. A very good outcome and I was extremely appreciative for all his efforts on my behalf.
Rebecca Daly
Clear report and efficiently organised
ann maria gruszkos
The surveyors' support team are well informed and responsive.
Sal Singh
Great service! Thank you for fantastic service Callum Escott and your new colleague that came with you! Highly recommend your company! Thank you for checking our loft and the third party wall works.
Suzanna den Dulk
We commissioned a survey for a flat in Primrose Hill. We were very happy with the professional way the report was presented and the details provided. Would recommend.
Vince P
The surveyor service is professional and efficient. Much satisfied and appreciated.
Steven Margolis
For the past approximately 6 months we have been represented by Callum Escott, surveyor at Peter Barry Surveyors, with regard to a Party Wall issue relating to our neighbours building works. I have found him to be helpful, reliable and efficient at all times in my dealings with him
Raj Sis
We used Peter Barry for our Party Wall Agreement. Our Surveyor for the Award was Callum Escott. From start to finish he dealt with our case professionally. We would recommend him due to his knowledge and speediness in the process.
Evaldas Memkus
The efficient and professional work carried out by Callum Escott. Highly recommended. Thank you!
Rosamunde O'Cleirigh
I found the structural survey to be very straightforward to read through, and the surveyor (Andrew) helpfully talked through certain points over the phone at no extra cost. Emma's communication was helpful and very quick throughout the entire process. I would recommend.
Mark Earles
Matthew was excellent, the service was fast he explained everything would recommend this company to anyone
Mat M.
We contacted Peter Barry Surveyors to help with a Party Wall related matter. The process was very clearly explained and Callum kept us updated about next steps. We also received a very valuable advice as our case was a slightly more complex one. I can definitely recommend Peter Barry - in our experience they have proved to be very professional, responsive and on point!
Suzanne Cressall
Callum dealt professionally and sensitively with our party wall agreement. I would not hesitate to recommend him.
Kathryn Beamish
We have used Peter Barry Surveyors in Ipswich to carry out a survey for a property we are buying. They carried out the survey in a timely manner and we had the report within days. Very prompt and professional service. Would recommend.
Helene Theros
Had a very smooth experience with the surveyors. Highly recommend.
Apple C
They did the premium calculation for my leasehold extension. Fast within a week and clear report. Matthew called afterwards to ensure I understand the report. Recommended.
D Nguyen
Callum Escott helped us with a party wall award and was always updating us in terms of progress. He was very approachable and good at communicating. Any queries would simply be resolved with a quick phone call. I would be happy to use him again in the future.
Stewart Wallace
Very responsive and provided a highly detailed report which was clear and very helpful.
Sandra Brokman
Efficient, helpful and professional. Callum Escott and his colleagues provided an excellent service in getting our Party Wall Award done in record time. The report that has been reduced is accurate and fully reflects the condition of our property and all our questions were answered to our satisfaction.
Andy Isdale
Excellent experience with Peter Barry. I had a RICS Level 2 Home Survey with a quick turnaround and very compresensive. The report was beyond my expectation.
Rachel B
Highly recommended. We needed third party wall notices and agreement for building work, Callum Escott went above and beyond, he took the time to explain everything clearly and reassure us throughout the process. His expertise and efficiency in completing the third party wall notices and agreement was invaluable and helped take the stress out of the process.
Margaret Butler
Justin provided a professional and detailed survey of our house. I have now started to organise remedial work as he advised.
Neringa Pritchard
Lease extension premium calculation and report was explained to me clearly. Thank you for the report.
Paul Caisley
Professional service with helpful surveyors. Quick turnaround and a very reasonable price.
Saby Chatterjee
Excellent surveyor and very polite and helpful bunch of people
Felix Frith
Excellent service.
masdaujargues
All great:-)
arthur jaudeau
Very efficient, communicative and professional. It was very easy dealing with Joanne and we got our survey back in less than a week.
Lawrence Castle
I used Peter Barry Surveyors in Ipswich to carry out a RICS 2 survey for a property I was buying. Ishrat and Justin were extremely helpful and replied to all of my questions quickly. They carried out the survey in a timely manner and I was very happy with their service.
Kai L
Very quick "desktop" lease extension report done at about half the price of most other specialist valuers. If only dealing with lawyers and freehold owners could be this easy!
Shaun McConnell
Very professional, very prompt, great advice, would recommend.
Laurel Bunce
We had a RICS type 2 carried out by Peter Barry Ipswich on a property we were looking to buy. It was swiftly organised and the survey was very thorough. The surveyor picked up many defects leading to us terminating the purchase. Thanks very much for helping us to make the right decision.
Maxi Hamilton
Prompt and efficient service for a leaseold valuation. Easy to deal with and would highly recommend.
Sarah Nasiry
The team at PBS are super efficient and great at communicating which I highly appreciated, especially as a nervous first-time buyer. Would 100% recommend!
Angus Wilson
The team were really helpful and responded very quickly. No complaints whatsoever!
Paul B
Comprehensive survey and good communication. Would highly recommened!
Giulia Montagnani
The communication with Emma before and after the survey was quick and efficient.We had a level 3 survey which we were very satisfied with, I would recommend and use them again in the future.
Paul Rowell
Quick and helpful service with a lease extension valuation
Matthew Hill
I was really impressed by the quality of the report, and the time taken to explain the relevant issues in plain English. We asked a number of questions following the report - the surveyor took time (at no additoinal expense) to address each point fully and thoroughly. Highly recommended.
Venkat Reddy
I have worked with Katie from Hendon branch, she’s incredibly quick to complete the survey for my party wall and understands the customer need and expedite the things to get it done and communicate very well during the process, highly recommend 👍
Jack Farrelly
Great service, nice people
Joseph Antoniou
Extremely professional, efficient and receptive to the needs of the client. Very much appreciated them providing a fast turnaround delivering me a valuation report when I requested it.
Nick Rajpal
Fantastic experience dealing with Peter Barry Surveyors. Katie was incredibly helpful in organising both party wall notices and subsequently the party wall award. Really impressed by the swift turnaround and constant communication throughout. Will definitely use them again!
Carl stevenson
I have used their services twice, and both times they were very professional and the reports were easy to read and understand. I would recommend their services to any person about to purchase a property. Great work wish others in the property world were as reliable and professional.
Balsam Al kubayassi
Excellent service
David Nisbet
Very efficient, thorough, reliable and prompt. Received sound advice. Would definitely recommend
Frederik Grunta
I hired Peter Barry Surveyors for a complex residential build with neighbours who were opposed to the work. The surveyor I worked with, Justin Burns, was exceptional: He fended off difficult neighbours, competing surveyors and showed great attention to detail such that all works could commence on smoothly and on time. Highly recommended!
roberta sapsford
We used Peter Barry Chartered Surveyors (Steve Hobbs and Joanne Bartlett) to carry out our recent valuation report for our lease extension; we had already used them previously (Justin Burns) to draw up a party wall agreement. Both times they were truly excellent; they explained the end-to-end process to us, were efficient and responsive to our questions, pleasant to deal with, and the reports were delivered in super quick time. We have no hesitation at all in highly recommending their services (and have already done so) to others.
Joanne Brooks
Excellent, prompt and professional service from beginning to end. Would highly recommend this company.
Alpesh Patel
We used Peter Barry service for Party Wall agreement the service was excellent .Very quick to react and deal with our very difficult neighbour .Matthew Price was very helpful and professional .Highly recommended. Alpesh
Dovrat Keren
We used Peter Barry service for home buyer survey - they managed to book a survey in a short notice, comunication was very good and the survey wasdetailed and afficient
Melody C Hampton
Peter Barry Surveyors are really professional and helpful. We used them to sort out a 3rd Party Wall Agreement. It was so easy working with them and stress free. They were really helpful and took care of everything. I always felt like they where acting in my best interest.
Kevin De Souza
Had a very good experience with Peter Barry from first phone call of enquiry through to receipt of survey. Recommended!
R L
Good prompt service with clear and understandable report sent ahead of guided timelines. Linda and Siobhan were on hand to answer any questions- would definitely recommend.
Miles Delap
Thorough survey delivered on time. Good job.
Lauren Lepke-Brown
Efficient, thorough, good customer service
Keziah Methuen-Jones
Used for building survey report and found them to be very prompt with responses and kept me in the loop with what was going on.First time buyer but the report appears to be comprehensive and thorough.
Philip Arnold
First class service from the clarity when the instructions were confirmed to prompt arrival at the property and the provision of a well presented report in well within the timeframe agreed at the outset.
Ben Hall
Great, helpful staff, prompt and efficient service. Would definitely use again
EE Wall
Had an incredibly positive experience with Peter Barry Surveyors (Winchmore Hill Branch) - with particular praise going to David (assistant surveyor), Jody (the delightful administrator) and our surveyor Steve Hobbs. From the initial quote to providing the actual homebuyers report they were so quick and efficient and incredibly friendly. I think people tend to roll their eyes when they say you get what you pay for but in this case you absolutely do, and we were able to escape a potentially disastrous flat purchase due to the amazing attention to detail from Steve's report. Will be using them again for our next (hopefully successful!) purchase and would not hesitate to recommend them to anyone looking for a reliable and trustworthy surveyor. Thank you again!
Shuai Zhang
I've ordered a homebuyer report and PBS has provided an excellent service from the beginning of an inquiry to the end follow-up call with the surveyor. The report itself was very professional and detailed, yet written in a manner that is easy to understand even for "laymen" in the industry and the surveyor was happy to answer any questions you may have afterwards. Every contact point I encountered in PBS has been responsive and helpful. Five stars and highly recommended.
Ruth Elias
Paul Mawdsley
We commissioned a lease extension valuation report from PBS. Matthew produced a very thorough and professional report promptly after visiting the property. Would recommend and use again.
Holly Winkler
Excellent service and detailed report written in a straightforward manner with pertinent points summarised neatly upfront. In the follow-up call, the surveyor was helpful in providing additional context and clearly very knowledgeable.
Nicola Beeson
I would highly recommend Matthew from Peter Barry Surveyors. He carried out a Lease Extension Valuation report for us with the upmost Professional and efficient Manner. He was very helpful for what can be a stressful process. Would definitely use his services again if required in the future!
Samuel Harry
Peter Barry were a pleasure to deal with from start to finish. We had a homebuyers survey carried out which was done safely and thoroughly and the report was submitted in a very timely manner. Would highly recommend to anyone.
Alex Kypreos
Used Peter Barry Surveyors for a Home Buyers Report - they were responsive and had great communication throughout the process. They were even able to book my survey in at very short notice. Highly recommend!
Anna Whelan
Excellent, professional service. Thank you!
Highly recommended by our architect and the service did not disappoint. Expert support and advice throughout and reassured by the offer to help in the future if any queries arose - everything we would want when building our home
Sarah Price
The building survey report by Shaun Blake on the house that I am purchasing was very thorough and easy to read. It contained enough detail to make me confident that I could plan what repairs would be worthwhile for my lifestyle.
Chris Hammond
We used Peter Barry for both a Homebuyer Report and a leasehold extension report. Both services were carried out efficiently, with any questions answered promptly. The reports were detailed and allowed me to progress our house move. Would use them again and have recommended to others.
Ruby Gregory
I recently had a survey with Peter Barry and was impressed with the level of detail. I walked away without buying the property because of the report, it really highlighted issues I couldn't have seen without an experts knowledge. Thank you!
Mike Selby
Peter Barry Surveyors carried out a full building survey for us in April 2020, in the midst of the Covid-19 lockdown. Naturally things moved slightly slower than would otherwise have been the case, but the process went ahead in straightforward fashion and the report, once delivered, was professional and comprehensive. Quite satisfied.
Qian Lu
I don't know much about surveys and have no point of comparison. But our purchase survey went well.I would have liked a bit more guidance from Peter Barry regarding the process. We were first time buyers and didn't really know when to make the payment or what are the next steps.
Alan Osborne
After contacting Peter Barry Surveyors, they were quick, efficient and the quality of their work was of the highest standard. I shall definitely be using them again.
Anne Hardy
Prompt, efficient and courteous service., greatly appreciated.
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