We undertake Commercial Mortgage Valuations on behalf of banks, building societies, second tier lenders and pension funds for shops, offices, warehouse and industrial, land and development sites and investments. We also undertake valuations on specialist properties such as public houses, petrol stations, nightclubs and restaurants.
The basis of valuation and minimum standard of reporting is set out in the RICS Valuation Standards (the Red Book). We can also prepare valuations based on special assumptions if previously agreed with the client.
Many banks and lenders have a prescribed reporting format which must be maintained. Reports are usually confidential to the client (the lender) and are not transferrable to other potential lenders or parties.