VAS Valuation Group has released five new educational videos in its Knowledge Hub, covering topics like hope value, comparable sales evidence, and market value.
Stephen Todd (pictured), chief commercial officer and co-founder of VAS Valuation Group, answers key questions in these videos.
Todd addresses what a valuer conflict of interest is and when a lender might reject it, and delves into hope value and discusses why some lenders prefer that valuers not consider it.
He explains market value and clarifies the differences between local and national sales evidence, including when each type applies.
He also outlines why valuers advise lenders to confirm that building regulations have been signed off for properties with completed planning permission.
The Knowledge Hub now features more than 30 videos and serves as a resource for lenders and brokers aiming to improve their understanding of the valuation sector.
Most of the questions have come from brokers and lenders through the VAS Valuation Group’s website and LinkedIn.
Todd said: “It has been interesting to see the development of Knowledge Hub; at the outset we were answering some fairly basic questions but as lenders’ and brokers’ knowledge has improved, the questions are really starting to deep dive into some complex areas.
“It says to us is that the reason we launched Knowledge Hub—to expand the finance market’s understanding of valuations—has been embraced and we can see a level of improvement and understanding in the valuation requests we are receiving.
“This means more reports are right first time.
Todd added: “The new batch of content lands at the perfect time, coinciding with an expected uptick in property transactions and construction activity in 2025.
“Brokers, lenders and valuers are only getting busier, and improving knowledge and understanding between all parties will undoubtedly lead to better outcomes.”
