Probate Valuations

[cfaproperty]

With the reduction in the number of instructions valuation firms are receiving, together with the ever increasing PI premiums they are having to pay (indeed some are finding that their access to PI has been withdrawn and effectively they can no longer trade), fees have gone up considerably and I wouldn't expect any Red Book compliant report be achieved for less than £450 + VAT.

Factor in leasehold titles, covenants or occupational tenancies and that fee will only go up.

As the capital value of the property increases so do the fees and most firms have a minimum start point, lower for the bread and butter residential valuers, Countrywide etc and way higher if the likes of Jones Laing LaSalle, Knight Frank et al who would be preferred for the more exotic and commercial propositions.