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Loan Valuations
In most cases when a party lends money for the purchase of a property
interest, the lender will require a loan valuation.
This is to ensure that the value of the asset meets the security
and equity criteria of the loan contract.
It would be usual for the lender to appoint a person or firm
that is independent from the property transaction to provide
the loan valuation.
Such a person or firm would usually be a suitably qualified
surveyor.In the case of a surveyor that is a member of the
Royal Institution of Chartered surveyors, it is mandatory
for the member to prepare the loan valuation in accordance
with the RICS Appraisal and Valuation Manual.
This publication sets out various Practice Statements and
Guidance Notes that should be adopted by the surveyor in order
to ensure consistency of approach and quality assurances for
the lender.
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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Global Office Search
Global Office Search
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property and land in London and throughout the UK. |
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warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
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process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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but you decide what happens next. |
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