
It does not provide much useful information for the buyer. It is the lender's own view of the market and provides very limited comment on the state or condition of the property.
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The Senior Partner, Roger Flavell worked in the City for 30 years as an institutional real estate fund manager specialising in property and asset management, property investment and development, and RICS Red Book valuation appraisal. The practice currently provides surveys & valuations for residential and commercial property on behalf of banks and private clients.
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We use recent evidence of comparable sales in the vicinity, adjusted for the size & state of repair of the individual property. Yes, 1 million pounds standard cover for each and every claim, or increased cover on request. No but we visually inspect the water supply, drains, electrical and heating installations, and advise if specialist advice should be sought.
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