What is a matrimonial valuation?
An impartial matrimonial valuation is required if the divorcees can’t decide on how to divide their assets fairly. You’ll need a valuation from a RICS registered valuer for a judge to decide how to distribute your assets in accordance with the law.
Regarding your property, a divorce settlement briefly details:
- The home’s market value
- Accommodation type
- Tenure details
In most cases, divorcees jointly hire a RICS registered valuer to get an accurate property valuation, though valuers can work for one party provided they remain impartial.
You may also require valuations from other professionals depending on the assets you jointly own. For example, you might need an antique valuer to estimate a painting’s value, especially if it’s likely to increase.
The benefits of obtaining a property valuation for divorce purposes
By obtaining a matrimonial property valuation, you can:
- Get Advice from an Independent RICS Registered Valuer
Let our professionals value your property without bias.
- Prevent Legal Disputes
Potentially avoid the need to go to court by obtaining an independent valuation.
- Receive What’s Rightfully Yours
Don’t give up assets you think belong to you until you have a market valuation.
- Ensure Court Proceedings Go as Smoothly as Possible
Provide your legal advisors and the judge with an accurate matrimonial valuation to prevent delays.