RICS has published a full guidance note giving best practice advice to valuers when considering buy-to-let and HMO properties on its website.
RICS explains the need for the note as follows:
“The rapid expansion of buy-to-let has created significant challenges for valuers in this market and the purpose of this guidance note is to provide sufficient background information and guidance to ensure consistency in the assessment of residential investment properties ranging from single units to houses in multiple occupation and multi-unit blocks. The guidance is applicable to valuers who are instructed by lenders and private clients.”
- Service Level Agreements
- Shared houses and HMOs