Divorce and relationship separation
When long-term relationships come to an end, there are often significant financial issues to resolve. Sometimes this can include the property you share with your partner.
To protect your interests, you should consider getting a professionally prepared, independent valuation of the shared home to assess its market worth.
It’s very important to do this. If the assessment of market value is inaccurate, or isn’t prepared to recognised standards of impartiality by a member of the RICS (Royal Institution of Chartered Surveyors), then you may be putting yourself at a disadvantage in settlement negotiations.
If you and your partner continue to have a reasonable relationship, you could agree for one valuer to act for you both and therefore reduce your costs. However, this option isn’t open to many people. If you’re employing a legal adviser, you may want to discuss this option with them.