When a marriage breaks down, it is generally necessary to arrive at a financial settlement between the two parties. Usually, the matrimonial home is the major or very significant asset and often one or other of the parties wishes to remain in the property. This means that its value has to be agreed.
A valuation for matrimonial purposes aims to provide a Market Valuation, which can be used to help decide how joint property assets are divided between parties involved in divorce proceedings.
We carry out valuations for either party to assist an equitable solution to be arrived at.
Alternately we can carry out an independent valuation for mediators or the Court.
One of the requirements of the Woolf report was to require parties to try and agree matters such as property value prior to a court hearing and therefore not to have experts in Court. Therefore it is normal practice to have a Jointly Appointed Surveyor / Valuer / Expert to provide such a report.
Our valuers are able to undertake these matrimonial valuations and provide reports compliant with Part 35 of the CPR 1998. In most cases we are jointly appointed by instructing solicitors (on behalf of each party) to provide an independent valuation report for the Courts. We are experienced in preparing such reports and would be pleased to provide matrimonial valuation reports in respect of the matrimonial house and/or other shared residential, investment or commercial property.