Renting or buying a property in London in the UK is a very expensive task and large deposits will be needed to do either of this. The average London home is valued at £480,000 and the average monthly rental is currently around £2000 for a three bedroom property.
Managing to find something affordable that for a person on an average wage can be a tough task. It can take years to save for a deposit of around 20% or if you wish to rent a minimum of one months rent (around an average £1500)
Renting a property has some obstacles as there will be a number of checks that will need to be completed before you. Financial credit checks and references from people that know you will be needed as well as fees for paperwork.
One man, Andrew Charalambous is changing things the way this is done and his method makes a difficult process much less complicated. Andrew feels that people who need to claim housing benefit are at a disadvantage and something should be done about it.
You can see the Andrew Charalambous official Youtube channel to see some of his videos.
His company makes this process much easier and tenants are not asked for deposits, references or any other financial check-ups. The company finds by doing this that the tenant has a better relationship with the property owner and late or non-payment of the monthly rent hardly happens. Andrew is currently the spokesperson for housing and the environment the United Kingdom Independent Party.
If you want to stay up to date with what Andrew Charalambous is doing you can visit his official pages with the latest news at The Andrew Charalambous Blog or the the official Andrew Charalambous Twitter page.
Registered Property Valuation is the process of the market assessment of a property done by a registered property valuer. House valuation, valuation, or registered valuation are also some of the other names of this process.
There are a number of reasons for which property valuation might be required. Take a look at some of them:
- To find the worth or value of your house
- To find how much you must pay for the house
- To create a report for mortgage application
- To create a report for refinancing application
If you need finance or you want to sell your house, you are going to need registered property valuation. For homeowners, the most common reason to get the property valuation is when the bank asks for a report to finance loan application and approval.
Who is a registered valuer?
A registered property valuer is the person who is a professional graduated from university having a valuation. They are trained to be an expert level valuer in various property valuation methods and they have experience in valuing property.
How does property valuation process work?
The property valuer uses his knowledge and experience with the observations and research on property along with its surrounding areas. This process can let you come up with the market value of your house.
The valuer performs full inspections of the house from the inside as well as outside. He is going to spend half an hour on inspecting the property. During this time, the valuer measures and views the whole property.
He is also going to do some desk-based work such as checking the title, searching for the council zoning map, or consulting the resource management act. The most crucial thing is that the valuer is going to compare the property data of comparable houses. He uses previous statistics of similar property to determine the value of your property.
Does the valuer know about your property?
The property valuer needs to have in-depth knowledge in real estate market and this is a necessary thing to be a registered valuer. The valuer will know how to measure the building, he will be familiar with the materials and style of your home, and he will have an understanding of the architecture and engineering of your house. These valuers need to be up to date about the local district plans as well as the Resource Management Act. He is not only expert in the matters of engineering and building but he can also identify the potential problems in the house. If he spots something wrong in the property, he will investigate it and this is going to influence your property valuation.
Once the property valuation is complete, the property valuations company will make a report that will have a legal standing. The cost of property valuation will differ from one valuer to another. Usually, the standard cost lies between $500 and $800. He will look into many things in your property to prepare a report and tell its actual worth in the market.