Martin Ralph Chartered Surveyors

Retrospective Valuations

Martin Ralph Chartered Surveyors can provide expert valuations and reports to Solicitors, Accountants and other advisors acting on behalf of their clients. These reports include Retrospective Valuations for various legal purposes, including repossession, negligence, taxation, enfranchisement and lease renewal.

Retrospective valuations for litigation purposes are required for court purposes in professional negligence claims - mainly when a surveyor is accused of excessively valuing a property.  Commonly, the report is usually requested by a solicitor acting on behalf of banks, or other lenders, that have relied on the disputed valuation. Often, the borrower has defaulted on the mortgage, and the lender shows a financial shortfall after the property was repossessed, marketed and then sold.

It is often necessary to prepare a report providing an opinion on the property value as at a previous date, often several years before the instruction, but we have access to extensive records and comparable evidence to assist us when carrying out this type of expert valuation.

In undertaking our retrospective valuations, Martin Ralph Surveyors try to balance the conditions and limitations that any reasonable professional valuer would have experienced at the time of the original valuation, and then prepare our reports accordingly.

Should you wish to speak to someone regarding any retrospective valuations please contact Jim Lyness on 02392 257711.