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Latest blog posts

Right of first refusal (RFR) is invoked when the freeholder (landlord) wants to sell their interest in a building that is subject to RFR legislation and they are required under the Landlord and Tenant Act 1987 (the “1987 Act”) to offer this interest to the leaseholders first.This can be the entire freehold, part of the building or common ... Read more >>

The process of preparing a Reinstatement Cost Assessment involves a site visit to inspect the property, take measurements and site notes detailing the type and quality of the accommodation, a calculation of the likely reinstatement cost of the property based on the information gathered during the inspection, and the recording of this information ... Read more >>

Categories: Surveying, Valuation

Don’t forget your License to Alter!

Tuesday, 29th January 2019 | by: Matthew Price

There are many different elements that will need to be considered in order for the vision of your extension to become a reality and it is apparent that a layperson is often unaware what professional help may be required along the way - there are the obvious ones; Architect, engineer and contractor, and to a lesser extent, the party wall ... Read more >>

Help to buy, shared ownership schemes and staircasing

Thursday, 20th December 2018 | by: Peter Barry

With house prices in some areas of London having risen 10-fold over the last 20 years it is becoming increasingly more difficult for young people to get their foot on the property ladder. Initiatives that have increased in popularity since they were first introduced in 2013 are the Help to Buy and Shared Ownership schemes.The Help to Buy ... Read more >>

Categories: Surveying, Valuation

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 purchaseWritten By Matthew Price of Peter Barry Surveyors & Matthew Barrett of Thirsk Winton LLPThere 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 >>

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