A Chartered Valuation Surveyor.'

  The Background You are a Chartered Valuation Surveyor. A new instruction has come in. Your client is high street bank, Santander and they need your professional advice. Santander is about to lend finance to their client, the Borrower. The loan amount will be for a proportion of the Market Value. The Market Value will be confirmed by you in your report. The Task Undertake a loan security valuation for the Property that is outlined on the Property Information Sheet (this will be provided to you). You should refer to the RICS Red Book and your notes to ensure your Report complies with the Red Book on loan security valuations. Present your opinion of the Market Value of the Freehold interest in the Property. In their instruction letter, the client has indicated a number of requirements for your report: Client Requirements: o A short form report including the content that you have agreed with the Bank, as outlined within the Service Agreement. This includes: 1 page Executive Summary including photos, plans and key messages, 1 page on Due Diligence and Statutory Enquiries; 2 pages on Rental and Investment Comparable Evidence and relevant Market Commentary; and finally, 2 pages comprising the Valuation Methodology and Valuation Calculations (Valuations to be produced via prop-tech software or Microsoft Excel). It is imperative that you keep to this requirement of short form reporting and that you do not exceed the valuation reporting length guidelines. You will need to use your professional judgement, the appropriate techniques and present information accurately and succinctly in your Report in order to communicate the necessary information. o Students will be expected to attach a References List in addition to, and at the back of, the 6 page Valuation Report document. o The following Valuations are required:  Market Value  Market Rent  Reinstatement Valuation  Valuation on the Special Assumption that the property will be converted to residential development o The following commentary is also required:  Reflection on the due diligence checks required for a Red Book valuation report,