The purpose of the four page report is to provide greater consistency and simplicity and to speed up the process from instruction to receipt of the report.
Stephen Johnson, Commercial First’s sales and marketing director, said: “Historically, valuations on commercial properties have been bulky documents, sometimes containing information that was surplus to our requirements. We have analysed the information on offer from valuers, produced our own core set of requirements, and set these out clearly and simply in our standardised valuation report that will now be used irrespective of the type of property being valued.
“We are confident that this will make it easier for brokers to identify the information they need in assessing the deal prior to submitting an application, which in turn saves them time and helps them to offer a speedier service to their customers.”
