Property Valuation in Transfer of Equity

Patterson999

canaldumidi said:

You are a joint owner. Do you have a key?

If yes, arrange to be there and let the surveyor in.

If not, take a copy of xx showing you are a registered owner to a locksmith and get him to unlock the door to let the surveyor in. Maybe replace the lock at the same time and give ex a spare key so you both have access to your jointly owned property.

Yes I am a joint owner, and do have a key.  I could arrange to be there and let them in, but would that stand up in the transfer? It seems a little heavy handed and I'd probably avoid it really.  I'll respect her boundary here even if I could do it.  Was hoping there was a legal right I could claim to having a valuation done?

Slithery

As you are joint owner you have a legal right to invite any guests into the property that you wish - for whatever reason.

Patterson999

eddddy said:

Patterson999 said:

However, she has undertaken the valuations on her own accord.

It sounds like you're saying that she instructed 3 estate agents to do valuations. Were the estate agents RICS accredited?

Were these "paid-for" valuations, with written reports? Were the estate agents told the purpose of the valuations?

Patterson999 said:

Deed says we need to undertake three and these should be jointly.  

It sounds like you should be using RICS Single Joint Experts - or similar.

i.e. You agree to jointly appoint a suitably qualified RICS valuer (or 3), and agree to be bound by their valuation(s).

There are RICS valuers who are experienced in working this way - because they prepare valuations for courts etc. So they are experienced in dealing with people who are in dispute, and they make sure they are not influenced by either party.

Try googling RICS Single Joint Expert for some info.

It sounds like you're saying that she instructed 3 estate agents to do valuations. Were the estate agents RICS accredited?

I checked and it looks like they are, although I'm not sure if the it was as formal as this.  They only submitted a letter stating this and no report as such.    

Were these "paid-for" valuations, with written reports? I don't know if they were paid for and I didn't receive any written report other than a letter so I suspect not.  I presume this weakens the valuation?

We're the estate agents told the purpose of the valuations?  I'm not sure, possible not the full extent.  Saying that one is an estate agent she has worked with separately for many years to rent out property so likely bias in some way perhaps.  They are all local and thats partly why I'd like an independent valuation I've instigated and is via RICS.

Deed says we need to undertake three and these should be jointly.  

It sounds like you should be using RICS Single Joint Experts - or similar.

This is by far the best approach, thank you.  I wasn't aware or RICS and it feels the next natural and fair step.  I will offer this up thank you again.

i.e. You agree to jointly appoint a suitably qualified RICS valuer (or 3), and agree to be bound by their valuation(s).

There are RICS valuers who are experienced in working this way - because they prepare valuations for courts etc. So they are experienced in dealing with people who are in dispute, and they make sure they are not influenced by either party.

Try googling RICS Single Joint Expert for some info.

Amazing thank you so much.

Patterson999

Exodi said:

Respectfully, you are a joint owner and paying half the mortgage to boot.

If you don't have a key, request her to provide one or have a locksmith change the locks.

Of course you are entitled to get your own house valued. Ridiculous.

Yes I think so too.  It makes me concerned she would prevent this for whatever reason really and all the more to get one now.  I will look to get a RICS in as an independent valuer at this stage.

Patterson999

Exodi said:

Is this of any involvement to this thread per chance?

https://forums.moneysavingexpert.com/discussion/6347880/can-i-force-my-ex-to-sign-a-tr1-form

I think it's a mighty coincidence otherwise - though both accounts seem to be completely different, go figure?

Well that would of been a classic! Thanks for bringing it up.  I checked it out and its different slightly, same process but slightly different.  And of good to know were not the only ones having so much fun.  I'm sure all sorts of things come into it.  The lady here was 17 years in the property and my share is 40%.  She also agreed to his valuations being done which is what I'm being refused here.  She seems to be doing everything she can.  It feels like I'm being pressured into agreeing an amount without a true valuation being undertaken and then prevented it.  

Nnenne1

Can the agent give you a desktop valuation? That’ll give you an idea if your ex’s figures are right. 

ironlady2022

I've been through this myself. 

You are a joint owner so have a legal right of access. So if she's not playing ball, then you have no choice but to step over the boundary.

It really should have been jointly instructed together so you are both happy with the independence of it.

Your interests are in conflict as she is buying you out, so she wants a lower valuation. 

Is this all being done privately?

And are you guys married?

Sorry if you are repeating yourself.