RICS opens consultation on draft guidance for valuing cladded properties

By Daniel Gayne2022-10-03T06:00:00

Source: Shutterstock

Group seeking to help leaseholders by encouraging consistentcy in valuation

The Royal Institution of Chartered Surveyors is seeking views on draft guidance drawn up to help lenders value blocks of flats with cladding in the aftermath of the Grenfell Tower fire.

Loss of confidence in the fire safety of such properties has severely impacted leaseholders, with many unable to sell due to the lack of mortgage finance.

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