I think house prices have increased significantly and my spouse wants to keep the house. Can I get a new joint valuation?

The point of obtaining a joint valuation at the parties’ joint expense is to bring to an end any disagreement about the value of a particular asset.  This is why when the parties jointly instruct a surveyor to act as their expert the decision made by that expert is binding upon them whether they like it or not.

If the valuation is quite out of date however and the property market has changed significantly since it was carried out it may be possible to agree or obtain a direction from the court that the original valuer should update the valuation figure.  There will however be additional costs associated with this including the valuer’s fee and the costs of additional correspondence with the opposing solicitor/the court. 

If you require any assistance, or wish to book in for an initial consultation to discuss your situation, our family solicitors are based in Wolverhampton, Cradley Heath and Sutton Coldfield serve clients across the West Midlands. For all new enquiries, please call 01384 340 526 or complete our online enquiry form and a member of our team will respond.