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Latest blog posts

Leasehold properties: What you need to know before you purchase

Tuesday, 20th November 2018 | by: Matthew Price

Leasehold properties: What you need to know before you purchase Written By Matthew Price of Peter Barry Surveyors & Matthew Barrett of Thirsk Winton LLP There are many things to consider when deciding whether to purchase leasehold property. Such properties are, by necessity, burdened by greater legal and valuation complexities and it ... Read more >>

If Freeholder’s consent is required be prepared to pay for it

Tuesday, 30th October 2018 | by: Matthew Price

Despite evidence of falling values in some areas on London, house prices in the capital remain amongst the most expensive in the world. If Stamp Duty is factored in, £20,000 would be payable on a £600,000 zone 4 mid-terraced 3 bedroom house, it is no surprise that many people choose to extend their property rather than move. This post ... Read more >>

Categories: Surveying, Valuation

Valuations – What do I need to know?

Thursday, 20th September 2018 | by: Steve Hobbs

In recent months we have, on more than one occasion, been asked to undertake reviews of valuations undertaken by other valuers following concerns raised by the clients as to their accuracy. In these circumstances it’s not unusual to find that the valuation under scrutiny leaves something to be desired. It is also not unusual to find that the ... Read more >>

Categories: Valuation

Valuations for Registered Charities

Sunday, 5th August 2018 | by: Matthew Price

Registered charities must obtain an RICS Red Book valuation from a suitably qualified Chartered Surveyor before entering into a transaction for disposal. This includes selling, letting and also the granting of new rights.  Sections 117 to 121 of the Charities Act 2011 outline the procedure that ensures the disposal is on the best terms reasonably ... Read more >>

Categories: Surveying, Valuation

One of the most well known and widely used surveying standards are technically named “Red Book” Valuations or RICS valuations. You may be asked to arrange for a Chartered Surveyor to undertake a Red book valuation by your solicitor for a range of purposes - Taxation, Probate, Matrimonial, Shared Ownership, Court Proceedings or even ... Read more >>

Categories: Valuation

Guide to Informal Lease Extensions

Wednesday, 20th September 2017 | by: Matthew Price

The Leasehold Reform and Urban Development Act, 1993, establishes the valuation basis and legal framework for leaseholders to extend their lease (as well as enfranchise). The most common way to enact the Act, is to serve a Section 42 notice with the help of a specialist solicitor, but this does come with a raft of stipulations and costs, and is a ... Read more >>

Realities of Leasehold Ownership

Thursday, 22nd June 2017 | by: Matthew Price

The increasingly dire chances for first time buyers to get on the property ladder in London are well documented in the press. Those that hoped the Brexit vote or even the triggering of article 50 would soften prices have not yet seen their hopes realised as the average asking price in London reached £636,777 in April 2017. Properties purchased by ... Read more >>

Introducing our Leasehold Extension Calculator!

Sunday, 7th May 2017 | by: Matthew Price

We have recently added a tool to our website that allows you to get an idea as to the cost of your lease extension. Around half of the phone calls we receive on this subject involve the client asking for such, so it made sense for this information to be available to the public to use. There are four inputs to the Leasehold Calculator: the ... Read more >>

Valuing Vault Spaces

Tuesday, 28th March 2017 | by: Matthew Price

With London being London, seemingly any space that can be developed is being developed. The more typical schemes are loft conversions, rear extensions and everyone’s favorite, the basement dig. Another which has become increasingly popular is the extension of one’s demise into vault spaces, which are typically located beneath ... Read more >>

A leaseholder’s wish list

Monday, 13th March 2017 | by: Matthew Price

The leasehold valuation team here at Peter Barry recently attended the annual Leasehold Advisory conference that brings together tenants, managing agents, solicitors, valuers and all other people/bodies that have a interest in the current leasehold sector. The conference was celebrating its 15th year and whilst a lot has changed since 2002, many ... Read more >>