Draft: Valuation approach for properties in multi-storey, multi-occupancy residential buildings with cladding, 1st edition Professional Standard, England

This document is intended to help valuers undertaking valuations for secured lending purposes on domestic residential flats, within residential blocks of 5 or more storeys or 11 metres or more tall. In accordance with wording on: gov.uk), in line with the remediation schemes and qualifying lease protections (as outlined in Section 4 Valuation approach), applicable to England only (This approach will be updated to reflect remediation arrangements and schemes in Scotland and Wales once published.), as set out by Government.

RICS is looking for feedback from valuers, leaseholders, and prospective buyers, as well as relevant professionals and industry bodies in order to inform our final guidance.

You may comment on the draft itself section by section, and/or answer questions about the draft and whether it works for you.

If you require further assistance or information, please contact Helvi Cranfield hcranfield@rics.org

This consultation will close on Monday 31st October 2022, at 23:59.

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Timeline

  • Opened
    3 Oct 2022 at 00:00
  • Closed
    31 Oct 2022 at 23:59

Details