A matrimonial valuation is a property valuation carried out by a qualified chartered surveyor. It is used to determine the value of a property that is being divided as part of a divorce or civil partnership dissolution.
In most cases we act as a Joint & Single Expert producing an independent report that can be relied on by both parties and the court. We are usually contacted by the parties solicitors with a formal letter of instruction.
What's the cost of a matrimonial valuation?
The cost of a matrimonial valuation varies depending on the value of the property but usually start at around £425 inc VAT - this is usually split between the two parties who are invoiced separately. However, it is generally a small price to pay for the peace of mind that you are getting the most accurate valuation possible.
Here are some of the benefits of getting a matrimonial valuation:
1) Accuracy: A matrimonial valuation is the most accurate way to determine the value of a property for divorce or civil partnership dissolution purposes and helps the couple to reach an agreement on how to divide the property.
2) Peace of mind: Knowing that you have the most accurate valuation will give you peace of mind that you are getting a fair settlement.
3) Reduced risk of conflict: A matrimonial valuation can help to reduce conflict between the couple, as it provides an impartial assessment of the property's value. It provides evidence to the court if the couple cannot agree
4) Speed: A matrimonial valuation can be completed quickly, which can help to speed up the divorce or civil partnership dissolution process.
