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Home
Surveys
Lease Extensions
Party Wall
Valuations
Collective Enfranchisement
Contact Us
- About Us
- Reviews
- Blog
Instant Quote

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Frequently Asked Questions

Are your surveyors RICS qualified?

The highly trained team of experts at Foundation Surveyors is capable of handling a wide range of property services for our clients in the London area. Each of our RICS qualified surveyors is able to offer in-depth advice and guidance on a large variety of property related matters.

Do you cover commercial or domestic properties?

At Foundation Surveyors in London, we provide specialist property survey and valuation services for commercial and residential properties of all shapes and sizes. Our professional team of building experts can also advise on party wall matters, lease extensions and collective enfranchisements across Greater London.

Why choose our surveying services?

While there are plenty of Chartered Surveyors in London, we believe that Foundation Surveyors are a cut above the rest. We are RICS Registered Chartered Surveyors and Valuers and take great professional pride in delivering excellence to each and every client.

Our Chartered Surveyors in London combine many years of traditional surveying practices with innovative technology, to allow us to provide a market leading service that is tailored to your individual requirements.

Whether you are looking for a London property valuation or building survey, specialist lease extension or collective enfranchisement advice, or technical guidance on a party wall issue, our friendly, experienced RICS surveyors are highly responsive and can be contacted at 020 8133 9517 or info@foundationsurveys.com.

When do I need a Party Wall Surveyor?

The Party Wall Act 1996 applies to building works proposed along the boundary between two adjoining properties, excavations within set distances of shared or adjoining structures, and alterations of a party structure. This could be a loft conversion, digging a basement or other building extension.

As a Building Owner, a Party Wall Surveyor will help you draw up Notices to be served on Adjoining Owners and prepare a Schedule of Condition to protect both parties from potential damage to their properties as a result of the works. The surveyor will also prepare a Party Wall Award to regulate the manner and timescale of works covered by the Act.

Who can apply for a statutory lease extension?

As a leaseholder, you have the legal right to extend the lease on your property, provided that you have owned it for a minimum of 2 years, there are at least 21 years left to run on the current lease, and the property is not owned by a charitable housing trust.

By following the statutory process, you will be able to achieve a lease extension of 90 years and have your ground rent reduced to zero. The legal process surrounding freeholder compensation is complex and you are strongly advised to instruct an experienced lease extension surveyor and conveyancing solicitor to help you negotiate the best premium.

Is a property valuation the same as an estate agent’s appraisal?

A formal valuation carried out by a surveyor or qualified valuer is not the same as the figures given by an estate agent. The latter is intended to win your business as a vendor and the value given may be overly inflated for that reason.

Even where an estate agent gives honest figures based on their knowledge of the local property market, their valuation is not bound by the same professional standards and technical, fact-based calculation criteria that a RICS accredited valuer must apply.

How much does it cost to buy my freehold?

The statutory procedure for Collective Enfranchisement follows a prescribed route, while the cost of compensating the landlord for the loss is made up of three elements: the loss of ground rent from the flats, the loss of reversion, and 50% of the marriage value where applicable. ‘Marriage value’ is the increase in the value of the property arising from combining the leasehold and freehold interests for situations where the unexpired lease term has fallen to below 80 years.

There are two approaches to calculating a Collective Enfranchisement Premium that are detailed here.

lease extension calculator

Contact Details

Address: International House, 64 Nile Street, Hoxton, London, N1 7SR
Phone: 020 8133 9517
E-Mail: info@foundationsurveyors.com