Flint Bishop

New valuer register will reinforce standards

Pictured above: Matthew Anwyl

 

A new registration scheme for valuers will start in April to reinforce professional standards and raise consumer confidence in the delivery of valuation advice.

The RICS (Royal Institution of Chartered Surveyors) has set up the scheme to enable chartered surveyors who carry out valuations according to RICS 'Red Book' standard to register and have their competence monitored. 

The Valuer Registration Scheme is welcomed by chartered surveyors Berrys at Shrewsbury who plan to register 11 of their valuers across the North West and Midlands.

"We have regularly carried out Red Book valuations for many years now and this new scheme will increase the credibility of valuers and provide a clear route for customers to find the best regulated and qualified professionals for the job," said Matt Anwyl, managing partner of Berrys.

"The 'Red Book' is the bible for valuers and although a lot of surveyors offer 'Red Book' valuations we believe that the register with its commitment to regular audits will ensure the quality of valuations is to a high standard.

"Although the register doesn't officially start until April, financial organisations such as the AMC (Agricultural Mortgage Corporation) will start stipulating that valuations for their mortgages should only be conducted by surveyors listed in the Valuer Registration Scheme."

The cost of registration will be around £140 per surveyor and those listed will have to meet specified requirements and be prepared to have their valuations audited at any time.

"Sound, independent valuations are vitally important in this modern world, underpinning nearly  all financial decisions, from home mortgages to major investment and corporate finance transactions, and the Red Book and Valuer Registration with regulation will ensure a high standard is retained throughout the profession," he added.

For further details contact Matthew Anwyl at Berrys on 01743 271697 or email matt.anwyl@berrybros.com. To view Berrys website please visit www.berrybros.com

 

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Article published by Midlands Business News on 11 February, 2011

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