RICS Property Valuations

Valuation Reports for Property Buyers, Mortgage Lenders, and Estate Executors

A valuation report provides a quick, reliable assessment of a property’s value, based on a limited inspection. This type of report does not replace a full survey and should be considered as a basic valuation tool, especially if you only need to know the property’s market value rather than a detailed condition analysis. Our valuation reports cover key aspects relevant to property value and saleability, highlighting any significant issues that might impact the property’s worth.

Types of Valuation Reports Offered by DAW Surveyors

1. Mortgage Valuation Report

A Mortgage Valuation Report is typically requested by lenders to assess a property’s suitability for a mortgage. This report provides the lender with essential information, including:

  • Property construction type and overall condition

  • Location-specific factors that may affect value

  • Compliance with lender requirements or specific criteria

  • Estimated market value to guide lending decisions

While helpful in confirming value, a mortgage valuation is limited in scope and is not intended for buyer decision-making on property condition.

2. Probate Valuation

Our Probate Valuation services support Executors in accurately valuing properties within a deceased person’s estate. This valuation is essential for estate administration, providing an accurate property valuation for probate purposes. Our experienced surveyors conduct valuations that reflect the property’s fair market value, ensuring Executors can meet probate requirements with confidence.

3. Inheritance Tax (IHT) Valuation

Inheritance Tax (IHT) is applied to estates over a specified threshold and is typically charged at 40% above the allowance. Our Inheritance Tax Valuation helps Executors determine the value of properties within an estate in accordance with the IHT threshold. We provide an accurate market valuation as defined under Section 160 of the Inheritance Tax Act 1984, ensuring compliance with HMRC requirements. Our report considers various factors, such as:

  • Tenancy in Common arrangements and their impact on value

  • Lifetime Transfers and any related reduction in estate value

This detailed assessment allows Executors to confidently meet legal obligations related to inheritance tax.

Why Choose DAW Surveyors for Your Property Valuation Needs?

DAW Surveyors offers precise, compliant, and reliable valuation reports to meet various needs, whether for mortgage applications, probate processes, or inheritance tax obligations. Our valuation reports are conducted by experienced surveyors who understand the nuances of property valuation, ensuring accuracy and peace of mind.

Contact DAW Surveyors for Your Valuation Report Today

If you need a valuation for any of these purposes, reach out to DAW Surveyors today. Our team is ready to assist with tailored property valuations that meet the unique needs of buyers, lenders, and Executors.