The latest property value is the most recent estimated valuation.
For New Sales this will be the proposed purchase price, which in turn is supported by a chartered surveyor’s physical inspection and valuation.
Thereafter we update this valuation monthly by indexing the purchase price paid against the House Price Index published each month by the Land Registry.
Every five years we repeat the Chartered Surveyor’s physical inspection and valuation process to provide a further update to valuation. This valuation is the basis for the five yearly exit process and (assuming the underlying property isn’t sold) becomes subject to further monthly indexation as detailed above.