There has recently been a change of policy on the part of Target and our understanding is that carrying out a desk-top reassessment is only possible within two weeks of the three month anniversary of the original Valuation. Otherwise a new inspection of the property is required and a new report. Because this involves almost the same amount of time as the original Valuation we have to charge another fee. 

We do not wish to charge clients a second time for work already carried out especially as it is unlikely that the property will have changed. It is strongly recommended that clients press for matters to be concluded within three months of the original Valuation and if not, please contact us as soon as possible for a desk-top reassessment. Again we do not wish for clients to be disadvantaged by having to pay twice for the same service.

We undertake a several Valuations of this type each week and we can normally fit in a Valuation inspection fairly quickly around alongside our other Survey and Valuation inspections. We charge £150 plus VAT for smaller flats and houses up to £250,000 in Value and £200 plus VAT for properties work between £250,000 and £500,000. If you require an updated Valuation after three months then we charge 50% of the original fee. The Valuation fees are competitive but VAT is payable.

We also carry out Valuations for for Taxation and Probate (Inheritance Tax) purposes. For matrimonial Valuations you are best advised to use a Valuer with court experience and expert witness training.

If you require a Valuation please call Emma on 01225 300879 or 0117 3637 699.

For a number of years we have been undertaking Valuations for Housing Options Plus (HOP) and now Target HCA.

Target HCA have a number of requirements for the Valuer. We are familiar with the Valuation requirements and can produce a compliant report without delay and at reasonable cost. Fees are very competitive and start at £150 plus VAT for smaller houses and flats. The fees for a desktop Valuation start at £75 plus VAT.

The full requirements and additional information can be obtained by following the link below:

Target HCA Valuation Requirements

In summary:

 The Valuer must be registered with the recognised qualification of RICS.

 The Valuer must be independent to an estate agent.

 The report must be on headed paper, signed by the RICS surveyor and addressed to Target HCA.

 The Valuer MUST provide at least 3 comparable properties and sale prices.

 The comparables provided must be like for like in terms of property type, size, and age and within a 2 mile radius to the property that is being inspected.

 The Valuer must not be related or known to you.

 The Valuer must inspect the interior of the property and provide a full valuation report.

 Valuations carried out for bank or mortgage purposes are not acceptable

 A copy of the valuation report must be supplied to Target; the inspection date must be shown on the report. If the valuation report does not meet the above guidelines, you will be required to liaise with the RICS valuation surveyor for rectification; any additional costs incurred for this will be your responsibility.

Please note: the RICS valuation will only be valid for 3 months.

If the transaction does not complete within this time you will need to provide another valuation at your own cost. This further valuation can be a Desktop Valuation from the surveyor who originally inspected your property. It must be conducted and sent to Target within 2 weeks of the original valuation expiring and will only be valid for a further 3 months.

The criteria for this Desktop Valuation are:

 The Valuer must refer back to the original report and confirm the updated report is a Desktop Valuation. CUSTINFO Home and Communities Agency (HCA) Loans and linked House Developer loans are administered by Target Servicing Limited Authorised and Regulated by the Financial Conduct Authority. Calls may be recorded for training, security and litigation purposes. Target HCA PO Box 911 Newport, NP20 9PA  The Valuer must be the original surveyor from the first inspection. They do not need to re-inspect the property, but they must make reference to this original report.

 The Valuer must provide at least 3 comparable properties and sale prices within the last year if the property has increased or decreased in value.

 The report must have a new date on it and be signed by the Valuer.

 The report must be on headed paper and provided in a PDF format or a noneditable document. Only one desktop valuation will be allowed after the original valuation has expired. If the desktop report expires before the transaction completes the property will need to be re-inspected and a new RICS valuation report provided. If it is considered that the valuation does not accurately reflect the market value, Target will contact you and may also wish to speak to your RICS valuation surveyor. This may result in a revised market valuation.