Introduction

In the world of property, valuation accuracy is everything. Whether you are securing finance, dealing with probate, resolving a matrimonial dispute, or reporting for tax purposes, the credibility of your valuation can significantly affect the outcome.

This is precisely why instructing a Registered Valuer to undertake a RICS Red Book Valuation is not simply advisable — it is essential.

A properly prepared RICS Valuation Report offers authority, compliance, and professional assurance.

What Is a RICS Red Book Valuation?

A RICS Red Book Valuation is a formal property valuation prepared in accordance with the standards set by the Royal Institution of Chartered Surveyors (RICS).

The Red Book sets out mandatory rules, best practice guidance, and ethical standards that all RICS members must follow when undertaking valuation work.

A compliant RICS Valuation Report must:
• Be prepared by a Registered Valuer
• Follow International Valuation Standards (IVS)
• Confirm independence and objectivity
• Disclose assumptions and limitations
• Provide a clearly defined basis of value
• Include professional indemnity cover
• Comply with strict regulatory oversight

Who Is a Registered Valuer?

A Registered Valuer is a Chartered Surveyor who:
• Is a qualified member of RICS (MRICS or FRICS)
• Is registered under the RICS Valuer Registration Scheme
• Is subject to monitoring and audit by RICS
• Maintains continuing professional development (CPD)
• Holds appropriate professional indemnity insurance

Only a Registered Valuer can sign and issue a compliant RICS Valuation Report.

When Is a RICS Red Book Valuation Required?

A RICS Red Book Valuation undertaken by a Registered Valuer is typically required for:

Mortgage & Secured Lending
Probate & Inheritance Tax
Matrimonial & Divorce Proceedings
Tax Planning & Capital Gains Tax
Company Accounts & Financial Reporting
Lease Extensions & Enfranchisement

In each case, the involvement of a Registered Valuer ensures the RICS Valuation Report meets regulatory and evidential standards.

What Does a RICS Valuation Report Contain?

A compliant RICS Valuation Report will include:
• Identification of the client and intended users
• Purpose of the valuation
• Basis of value (e.g., Market Value)
• Valuation date
• Property description
• Tenure details
• Planning and legal considerations
• Inspection details
• Methodology adopted
• Comparable evidence
• Assumptions and special assumptions
• Confirmation of independence
• Signed declaration by a Registered Valuer

Why Professional Assurance Matters

A RICS Red Book Valuation is more than a number — it is a regulated, structured, and defensible professional opinion.

By instructing a Registered Valuer, you ensure:
• Compliance with RICS standards
• Legal and lender acceptance
• Independent and objective reporting
• Professional indemnity protection
• Reduced financial and legal risk

Speak to a Registered Valuer Today

If you require a formal RICS Red Book Valuation, it is essential that your report is prepared by an experienced Registered Valuer in full compliance with RICS standards.

Contact us today to discuss your requirements and instruct a Registered Valuer to undertake your RICS Red Book Valuation with the assurance and professionalism your matter deserves.