Bank lending valuations and mortgage lending value
Published March 2018
Effective from 1 June 2018
Reissued October 2022
This professional standard is primarily directed at those providing valuation services within or subject to EU jurisdictions for bank-lending purposes, in particular where the provision of a mortgage lending value (MLV) is requested. While designed for reference by RICS members, it may also assist understanding of the underlying issues by users and other stakeholders – borrowers, lenders, and regulatory authorities.
The standard covers:
- ’Sustainable’ or ‘long-term’ value methods (section 2 and Appendix A)
- the main definitions of MLV: EU, Germany and Spain (section 3) and
- the role of the RICS valuer (section 4).
In addition, this standard identifies some of the current developments in Europe concerning long-term valuations that are not currently part of the bank lending valuation process but may be required in the future.
This document was reissued in October 2022 as a professional standard. It had previously been published in March 2018 as a guidance note. No material changes have been made to the document.