As part of its efforts to assist its Lender Clients improve the standard of instruction Method has completed the revision of its previous draft Lender’s Valuer Guidance Notes (VGNs)
Published 08th Feb 2020
Method has been working on a new set of VGNs which can be adapted by its clients and deployed by them. These have been a collaboration with all of Method’s lender clients having an input. Method views Valuer Guidance Notes and being a fundamental part of the process, which ensures valuers have a clear and unambiguous point of reference to ensure no doubts exist with regard to what a lender actually requires.
Method has provided a series of VGNs over recent years but with the development of the new suite of contracts previously reported, it was decided to bring the draft ones up to a similar standard so that they can be included within the contract between a lender and a valuer.
Niall Deas MRICS, Operations Director, said
“We consider our draft VGNs are the gold standard and are delighted to see their uptake by our lender clients. Having extensive guidance means that many smaller lenders now have access to VGNs comparable to most high street lenders. This can only help improve standards.”
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