Probate Property Valuation

CashBash

I hope everyone is keeping safe.
Would greatly appreciate some guidance on the following situation.
I need to get several properties valued for probate purposes and plan to use someone who is a member of the RICS.
However, I have been given different information regarding required qualifications which would have a marked difference in cost hence the question.
On the one hand, I have been advised to ensure I use a surveyor who is either a Chartered Member (MRICS) or a RICS Fellow (FRICS) whilst, on the other hand, I have also been advised that an Associate Member (AssocRICS) who is a Registered Valuer would also suffice as they would be using the same RICS Red Book Standard.
I understand that a member who is either MRICS or FRICS would also need to be a Registered Valuer but am confused/un-sure if there additional qualifications/experience would make a difference in this scenario.

Marcon

CashBash said:

I hope everyone is keeping safe.
Would greatly appreciate some guidance on the following situation.
I need to get several properties valued for probate purposes and plan to use someone who is a member of the RICS.
However, I have been given different information regarding required qualifications which would have a marked difference in cost hence the question.
On the one hand, I have been advised to ensure I use a surveyor who is either a Chartered Member (MRICS) or a RICS Fellow (FRICS) whilst, on the other hand, I have also been advised that an Associate Member (AssocRICS) who is a Registered Valuer would also suffice as they would be using the same RICS Red Book Standard.
I understand that a member who is either MRICS or FRICS would also need to be a Registered Valuer but am confused/un-sure if there additional qualifications/experience would make a difference in this scenario.

Why use a member of the RICS? Before doing so, have a look at https://www.homeprotect.co.uk/probate-insurance/valuing-property-for-probate and see if it is likely to be necessary. If it is, ring round a few surveyors and ask them to quote for doing the job, making it clear you only need someone whose valuation will be accepted by HMRC.