Valuations,
validated.

Our Desktop + report provides an option to lenders, when they do not want to use an AVM, but for speed or flexibility, they want to utilise our auditor’s expertise. The report works well with standard, mortgageable residential property that is below £2m in London and below £1m in the rest of the country. It can also be used for semi-commercial and commercial properties that are of standard construction.

Our clients use these reports for various purposes:
• Speed – normal turnaround time is 48 hours.
• Low loan-to-value cases – where an AVM might be used, our report will give an extra level of security.
• Second change – if you are taking extra security, our report would save money and time.
• Loan book reviews – if a property falls outside standard criteria, our desktop reports can give you reassurance, at a reasonable cost.
• Moving from short-term finance on to a term facility – our reports would confirm the value, plus be more cost effective.
• Post funding management – where the lender wants to understand the current value to support discussions with the client.

We work with lenders, valuers, and financial intermediaries. VAS Assurance provide a review of the valuation in real time to avoid any delays in the lending process.

Utilising our extensive experience of the UK property market, we ensure that valuations are in line with national and local market conditions and meet with client’s individual instructions.

Our services provide a summary of recommendations, conclusions and will contain industry tested advice to help you manage valuation specific lending risks.

Some clients use this service to assess valuation reports that they are considering readdressing in their favor but want an independent review in advance.

We can provide a full auditing service through our market leading valuation audit templates. This service is used after the valuation is delivered to the client.

Retrospective auditing can help:

• Highlight the key valuation inputs and provide feedback on the adopted sales comparables/valuation methodology and calculations.
• Ensure valuations are RICS Red Book compliant.
• Provide quality control checks.
• Highlight any weaknesses in the report.

As a result of the retrospective auditing process, client benefits include

• Maintaining high standards and minimising lending risks.
• Consistencies with report quality.
• Monitoring individual valuer performance.
• Overall valuation quality performance.
• Identifying trends.

Our auditors have many years of experience within building surveying / project monitoring sector. They are on hand to audit either Initial or Interim Project Monitoring reports.

This service focuses on the level of detail and justification provided within the reports regarding the program of works, planning permissions, associated conditions and build costs etc.

We provide a thorough review of the report and provide an extra layer of quality control to your development finance lending decisions.

Through our sister company, VAS Panel, we can supply the UK’s most comprehensive valuation panel management service.

VAS Panel places loan security valuations on behalf of its clients, ensuring the most relevant companies are instructed based on location, deal type and value.

The service is delivered through a national, daily audited database and backed up by an experienced team. This ensures the fastest, most cost-effective and demonstrably accurate valuations in the market through RICS qualified surveyors.

VAS Panel

For those lenders who already have their own trusted list of valuers, our bespoke software provides a cloud-based valuation system designed to take in-house valuation panel management to new heights of excellence.

The software allows lenders to manage their own valuations panel far more effectively and with greater transparency.

The system can be supplied based on any lenders’ business requirements, either inputted with their own current panel or as a clean slate ready for the information to be added.