Factor in the risks

Horler, C.

Factor in the risks - 1998 - Estates Gazette (9827) 4 July 1998, 132-134(3) .

Discusses the mismatch between the advice requied by bankers and that provided by valuers. Considers the concept of underlying worth of a property over the term of the loan from the lender`s point of view, as opposed to open market value and estimated realisation price. Includes a case study analysis of a transaction that proceeded on the basis of a traditional valuation report.


BANKS
CASHFLOW LENDING
ESTIMATED REALISATION PRICE
OPEN MARKET VALUE
PROPERTY FINANCE MARKET
PROPERTY GLOBALISATION
TERM OF THE LOAN
UNDERLYING WORTH