We call this type of report an Estimated Premium Valuation (EPV).
What is the EPV?
A fast and cost-effective estimated valuation, perfect for lower-value or regional properties, in which we rely on your opinion of value as a basis to perform our calculations.
Why Choose the EPV?
- The service is simple to use. All we require from you are a few basic, easily accessible pieces of information, whether for a lease extension or a collective enfranchisement.
- It is a fast service, usually with a 24 hour turnaround and cost effective; our prices start at only £199 plus VAT.
- You receive an accurate and informative report, indicating what you can reasonably expect to pay or receive for the lease extension were you to have served a Notice of Claim and there had been surveyor to surveyor negotiations in reaching a settlement.
- We will also prepare the statutory valuation to be used as an opening offer in informal negotiations, or should you need to serve a Notice of Claim.
- Included within this report is a Land Registry search and title extract, which will verify the lease length, term and sometimes ground rent details.
- Having used this effective settlement/offer option, you then have the opportunity to instruct us to undertake negotiations on your behalf, as we will be familiar with your case from the outset.
- If you have agreed the premium for your lease extension in principal with your Landlord/Tenant, this is a great way to quickly check if you’re making the right decision. Our experience tells us that Tenants often over-pay.
- The Estimated Premium Valuation is not a “valuation calculator” – it is a considered opinion prepared by a Chartered Valuation Surveyor experienced in the valuation and negotiation of lease extensions.
Get in touch today and have your valuation by tomorrow.
What are you waiting for?
This service does not include providing a ‘market value’ for the property. It is for the customer to advise us of the value of the property if it was held on a long-lease basis. Myleasehold can provide market valuations via an attended site visit or desktop valuation and review– please click through and read more about these more thorough services.
