Rutter & Rutter Mortgage Valuations, Bank Valuations and other services

MORTGAGE VALUATIONS

The Firm is appointed to the panels of several of the leading high street lenders. Mortgage valuations are carried out in accordance with the Guidance Notes for Valuers laid down by the RICS, i.e. in accordance with the RICS Appraisal and Valuation Manual (Red Book) for the valuation and inspection of residential property for mortgage purposes on behalf of building societies, banks and other lenders. These guidance notes are those drawn up in consultation with the Council of Mortgage Lenders, subject of course to any variations specified and required by the lender on the issue of instructions.
The firm has long experience of carrying out mortgage valuations, and we offer inspections carried out by Chartered Surveyors, with a prompt service. Reports are returned by fax and post.
The firm consists of a team of mortgage surveyors, providing continuity, and the firm offers a service over a large valuation area, including central and north London and south west and west London postal districts and bordering areas. The firm operates from commercial premises.

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BANK VALUATION SERVICE, INDEPENDENT VALUATIONS AND PROBATE VALUATIONS

Full bank valuation services provided for loan/asset valuation security purposes. A written report is provided with a site location plan and photograph. Usually the report is carried out within two days and the report is sent by fax and post, so ensuring that the bank can make a quick response to their customer.
The valuation is carried out by us as qualified valuers in accordance with the Practice Statements in the Appraisal and Valuation Manual as issued by the Royal Institution of Chartered Surveyors except where varied and specifically indicated.
Independent valuations may also be required, for example where two or more parties require an independent report of the open market value of a property for a joint ownership or in divorce and matrimonial matters, or relocation purposes, or where an Inheritance Tax or Capital Gains Tax liability may arise, negotiations may be undertaken with the District Valuer.
Bank valuations for residential mortgages are carried out in accordance with the RICS valuation guidelines, i.e. in accordance with the RICS Appraisal and Valuation Manual (Red Book).
The range of purposes for which a valuation may be required is substantial, and includes sale, purchase, letting, obtaining finance, accounting, rating, compulsory purchase and tax reasons.
The interest to be valued may be freehold or leasehold, it may be subject to restrictive covenants or planning restrictions, or it is pertinent to note that where it may appear to a client that there are relatively minor variations in lease terms, these can considerably alter the valuation.
Valuations may be required for Open Market Value or fire insurance reinstatement purposes, as well as for tax purposes or Open Market Value probate valuation purposes. Agreement reached where required with the District Valuer. Also historic 1982 valuations for Capital Transfer purposes.

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MORTGAGE VALUATIONS SERVICES PROVIDED

RESIDENTIAL MORTGAGE VALUATIONS AND BANK VALUATIONS

The firm has long experience with carrying out mortgage valuations. The firm offers:

EXPERIENCED QUALIFIED CHARTERED SURVEYORS WHO CARRY OUT VALUATION WORK
PROMPT SERVICE BY FAX POST & EMAIL
TEAM OF MORTGAGE SURVEYORS WITHIN LONG- ESTABLISHED FIRM
LARGE AND EXTENSIVE COMPANY DATABASE TO SUPPORT VALUATIONS
LARGE VALUATION AREA - CENTRAL, SOUTH WEST AND WEST LONDON POSTAL DISTRICTS AND BORDERING AREAS INCLUDING SW, W, KT AND TW POSTCODES

For further information and enquiries, please call Martin Rutter, FRICS, 020 - 7610 1818, or write to Crabtree House, 83 Crabtree Lane, London, SW6 6LR. Facsimile: 020- 7381 5542.
email:- msrutter@btinternet.com

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VALUATIONS FOR PROPERTIES IN SELF-INVESTED PENSION FUNDS (SIPPS)

Where companies purchase freeholds or long leasehold properties for their own occupation, a tax efficient way of purchase is via a self-invested pension fund.

On this basis the mortgage repayments and interest above any loan go in a tax efficient way into a pension fund which can build up over the term of the loan. In order to set up a self-invested fund (SIPPS) a valuation of the capital value and the rental value is required bu your accountants for revenue purposes.

As an independent surveyor we are qualified to carry these valuations out which we have done for a number of small and large companies in south-west London.

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RESIDENTIAL INVESTMENTS - REGULATED AND STATUTORY TENANCIES - SITTING TENANTS

The firm acts for major clients who purchase residential properties with sitting tenants.

The firm provides a hassle free sale to private and company vendors requiring to sell residential investments.

Usually no commission is payable as this and your legal fees are met by our clients.

We have over 30 years' experience in dealing with Regulated Tenancies.

Call today for a no obligation discussion.

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