David Price

Registered with Property118.com
Saturday 29th August 2015


Latest Comments

Total Number of Property118 Comments: 6

David Price

10:12 AM, 5th December 2019
About 2 months ago

Valuation Mystique?

I am interested that yet another chartered surveyor has been kind enough to add his pennysworth to this debate. I am also a chartered surveyor and spent about half of my professional career with the Valuation Office Agency working in four offices. Although I am happy to point enquirers in the right direction, I always feel that it is wise not to give advice on a specific case without knowing all the facts.
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David Price

12:29 PM, 23rd November 2019
About 3 months ago

Valuation Mystique?

I have read the various comments on Andrew's query regarding the basis of valuation for Inheritance Tax purposes but unfortunately some of the contributors are under a misapprehension as to the basis of valuation and to say that "Historically probate valuations have tended to come out on the lower side" is totally misleading and undermines the reputation of this fine newsletter.
May I suggest that Andrew googles the Valuation Office Agency Inheritance Tax Manual particularly Section 7 which will provide him with the information he needs. Might I add that the Valuation Office has always provided advice on capital valuations for the Government since it was set up over a century ago firstly as a constituent part of the Board of Inland Revenue and more recently of HMRC.... Read More

David Price

10:56 AM, 8th April 2017
About 3 years ago

Buying a house without building regs for loft conversion pre 1985?

Two points I would like to make:-
1. A Regularisation certificate cannot be issued in respect of unauthorised work carried out before 11th November 1985.
2. It is worth looking at the case of Cottingham, Cottingham v Attey Bower and Jones. In this case the argument put forward successfully by Mr and Mrs Cottingham to prove negligence on the part of their solicitors in failing to confirm building regulation approval for unauthorised work. As previously advised, the seller should be required to pay for a building regulation indemnity policy. However, such a policy will only be useful in the event that the local authority decides to take no action.... Read More

David Price

12:01 PM, 25th March 2017
About 3 years ago

Asbestos missed in Homebuyers report?

I am sorry but allegations of professional negligence are being made against the surveyor concerned without establishing the full facts of the case. All we know is that asbestos was found in the garage. The focus of the RICS HomeBuyer Service is on assessing the general condition of the main elements of the property. The inspection is not exhaustive and no tests are undertaken. There is therefore a risk that certain defects may not be found that would have been uncovered if testing and/or a more substantial inspection had been undertaken. I am sure it is agreed that wild speculation does not help to sort out disputes.. The best advice to be given to Chris’s friends is to talk to the surveyor. He will have a complaint handling procedure in place and I am sure that the matter will be sorted out amicably on a professional basis.

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David Price

10:22 AM, 25th March 2017
About 3 years ago

Asbestos missed in Homebuyers report?

Chris

To put the matter into context, the Description of the RICS Homebuyer Service states that the surveyor does not carry out an asbestos survey and does not act as an asbestos surveyor. Presumably when you commissioned the Homebuyer Report, you signed terms and conditions which incorporated the Description of the Homebuyer Service. I trust that this helps.

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