Two Valuations will be carried out to determine the Market Value as of the date that the interest in the previous stage was officially expressed. Heathrow will choose someone off their panel to provide a valuation. Homeowners can also choose someone that Heathrow has appointed if they wish or they can choose their own Chartered Surveyor to carry out a valuation for them. That’s what we hope you’ll do if you’re reading this and considering which Surveyor to appoint. Our duty of care if appointed would solely to be to you, albeit the opinion of Value we express has to be an honest impartial one.
If the values are within 10% of each other, the average is taken. If more than 10% apart, a third valuation by a Heathrow appointed Chartered Surveyor shall set the Market Value element of the package.