Freehold Valuation

Selling a leasehold property with a share in the freehold. There are 3 leasehold flats and the owners each have a share.

The freehold register shows that a value was identified as £100 in 2018.

As the value of the freehold transfer is nil, does a RICS valuation have to be undertaken?

 

Jennifer - not usually as you should be able to show that the value of the property is in the leasehold tenures and not the freehold tenure. 
I'd suggest adding a covering note to explain the two transactions and how the minim fee band has been applied to the freehold transfer

The solicitor buying says that we need one to show the value of the freehold.

Jennifer - the solicitor acting will have their own requirements and may ask for such a valuation. That's their choice.
If a solicitor is acting for the Transferee(s) and submitting the application to register then they can complete panel 4 of form AP1 with a valuation and/or certify the value separately in the way I have explained 
It's unlikely that we will question that where we can see what's happening re both freehold and leasehold transfers.