UK National Supplement: key changes to residential valuation with Nigel Sellars, Louise Avery MRICS, Fiona Haggett FRICS & Rob Mead FRICS #117

Welcome back to another RICS podcast episode led by the RICS standards team, providing valuable insights about updates to UK residential valuation standards. 

This week Nigel Sellars, RICS Senior Specialist in Property, is joined by Louise Avery MRICS, Managing Director at Avery & Co, Fiona Haggett FRICS, Head of Valuation at Barclays UK and Rob Mead FRICS, Technical Director at Connells Surveyors.

Their discussion provides an understanding of the motivation behind revisions to the Red Book’s residential section. They cover a variety of perspectives from valuers, lenders and technical experts on key topics such as property inspections and marketing period valuations, and also provide a preview of the follow-up standard, currently being drafted. 

This episode discusses:

• An overview of the updated RICS national supplement.
• The importance of consistency, collaboration and quality.
• Guiding principles and practical applications of the new standards.
• An insight into new changes currently being drafted.