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Specification for residential mortgage valuation

By: Contributor(s): Language: English Publication details: London RICS 2004Edition: Rev. edDescription: 13p. 21x10cmSubject(s): LOC classification:
  • 333.332
Summary: This specification applies to the valuation of residential property for mortgage purposes on behalf of building societies, banks and other lenders, unless varied by the lender's standard terms of engagement and standard report form. Covers the valuer's role, the terms of engagement, the valuer's inspection, the valuation, the report, re-inspections, further advances, buy-to-let and external appraisals. Effective from 1 May 2003.Summary: Reproduced in "RICS appraisal and valuation standards" (ISBN 1842191233).Summary: Supersedes "RICS/ISVA specification for the valuation and inspection of residential property for mortgage purposes on behalf of building societies, banks and other lenders" (M90430).Summary: Withdrawn November 2007.

This specification applies to the valuation of residential property for mortgage purposes on behalf of building societies, banks and other lenders, unless varied by the lender's standard terms of engagement and standard report form. Covers the valuer's role, the terms of engagement, the valuer's inspection, the valuation, the report, re-inspections, further advances, buy-to-let and external appraisals. Effective from 1 May 2003.

Reproduced in "RICS appraisal and valuation standards" (ISBN 1842191233).

Supersedes "RICS/ISVA specification for the valuation and inspection of residential property for mortgage purposes on behalf of building societies, banks and other lenders" (M90430).

Withdrawn November 2007.