Underinsurance is a silent threat. Regular RCAs from a professional, RICS-regulated provider are your best defence.
Browsing: Valuations
Property valuation is an important process for anyone involved in buying, selling, or managing property, particularly in the context of flats and leasehold properties.
Relying on outdated valuations, online calculators, or bank estimates often fails to reflect the true reinstatement cost, especially in complex or historic buildings.
Central to the leasehold reform debate is the role of property valuations, which underpin the cost of key transactions such as lease extensions and collective enfranchisement (where leaseholders purchase their building’s freehold).
Choosing between a desktop and onsite reinstatement cost assessment is about more than convenience. It is about protecting your block, fulfilling your legal obligations, and ensuring financial peace of mind.
Stay ahead with timely surveys, professional advice, and a solid understanding of when to act. It is the best way to protect your leaseholders, your building, and your peace of mind.
If your block’s reinstatement cost assessment (RCA) or insurance valuation has not been updated in the last few years, it may no longer reflect current rebuild costs.
The Leasehold and Freehold Reform Act 2024 represents a significant shift in the landscape of property ownership in the United Kingdom.
Striking a Balance in Valuation Methods The Leasehold and Freehold Reform Bill has introduced several…
The proposal for a Leasehold and Freehold Bill in the King’s Speech on 7 November 2023 demonstrates an ongoing and determined commitment by the government to reform of the residential leasehold sector – and for leaseholders and freeholders, there are immediate questions and considerations.