Short Valuation Instruction Guide for valuers

Purpose: Secured lending (bridging finance)
Addressee: Integer Investments Europe LTD
Standard: RICS compliant
Outputs required: Please provide the items below clearly and in a format suitable for credit approval.

A. Minimum requirements

Please include:

1. Market Value (Open Market Value) Basis of value, valuation date, tenure, vacant possession / tenanted assumption.
2. 180-Day Value / Quick Sale Value Your opinion of likely sale proceeds within ~6 months (briefly explain the discount/rationale).
3. Comparable evidence and reasoning At least 3–5 comparables (more if the property is unusual), with dates, prices, distance, and why they are relevant.
4. Property description and condition Construction type, accommodation, size (GIA/NIA if relevant), photos, current condition, obvious defects, non-standard issues.
5. Marketability and saleability Who the likely buyer is, typical marketing period, anything that could make the property harder to sell.
6. Key risks that affect value or enforceability Items that would concern a lender (examples: short lease, onerous ground rent, title restrictions you are aware of, access issues, cladding/flammable materials, flood risk, contamination, structural movement, subsidence indicators, non-standard construction).
7. Reinstatement value (insurance rebuild) Your estimate of rebuilding cost for insurance purposes.
8. Assumptions, limitations, and inspection type State clearly whether the valuation is desktop or full inspection, and what that means for reliability (e.g., no internal inspection, reliance on photos, etc.).

B. Additional requirements (refurb / development loans)

If works are planned, also include:

GDV (Gross Development Value)

• Value on completion, with a short description of the assumed specification and evidence from relevant comparables (new/finished stock where appropriate).

“As-is” value vs. “as-completed” value

• Separate and clearly labelled figures.

Works assumptions

• Briefly confirm what documents you relied on (scope of works, budget, drawings, planning status).
• Flag if any assumptions look unrealistic or create material valuation uncertainty.

Delivery and liquidity risk

• Any comments on whether the finished product is likely to sell (absorption / demand) and risks that could affect value over the build period.

C. Desktop vs Full inspection (when each is acceptable)

Desktop valuations (no internal inspection):

• Suitable only for standard, low-complexity properties with strong comparable data and no obvious red flags.
• Must clearly state limitations and assumptions on condition.

Full inspections:

• Required for: unusual construction, poor condition, higher leverage, multi-unit, mixed use, or any development/major works.

D. Practical points

• Please address the report to Integer Investments Europe LTD and state it is for lending purposes.
• Include your RICS status, registration, and PI cover details.
• If you identify any “stop” risks (e.g., unmortgageable construction, serious defects), please flag immediately by email/phone and then confirm in writing.