As a RICS Registered Valuer, since 2014, Eleni has a wide range of valuation experience and will undertake valuation work within Worcestershire and Staffordshire (where we are based) and the surrounding areas.
Formal valuations are those regulated by the Royal Institution of Chartered Surveyors (RICS) and the reports, which comply with valuation standards are more commonly known as “The Red Book”. Formal valuations, completed by a registered valuer, are often required for:
- Inheritance tax/administration of a deceased’s estate;
- Capital Gains Tax liability upon disposal or transfer of an asset;
- Matrimonial proceedings, for either party or as a joint expert;
- Disposal of Charity Assets;
- On-going valuations for assets held in trusts or invested in pensions;
- Help to Buy Redemption/purchase of shares in Shared Ownership properties;
- Valuation of “ransom strips” for development land.
Informal valuations can be used for initial estate or family planning, anticipating likely tax liabilities or for indications of value of assets which you are considering purchasing. They are not a full, formal, regulated valuation i.e. Red Book, but many clients make use of them when starting initial planning for a project or investment. Such valuations can also be useful as part of preparation of viability assessments for projects. Eleni has wide range of experience in the above formal valuations working with solicitors, trustees and financial advisors as well as individuals. She was previously on the panel of valuers for two Housing Associations where she completed around 80 valuations, in around three months, as part of the Voluntary Right to Buy Scheme.
Since the establishment of Eldnar we have continued to provide valuation reports of varied properties, for the reasons outlined above, with valuations having been of residential properties, farms/farmland, development sites (viability assessments) and equestrian properties. When instructing us there is a defined list of information that we need to follow the required process for regulatory purposes however, as with most key stages of any types of work with Eldnar, we have key information sheets to make this as easy as possible for you to work through and provide so that we can produce your work as quickly and efficiency as possible whilst maintaining the expected, and required, high regulatory standards for all work.