HSBC / Bruton Knowles Survey Valuer vs Landlord

0 Thanks
2 Posts
10 years ago
HSBC wanted my building (one block of 3 x 1 bed flats and 5 x 2 bed flats) revalued (not due under loan) because they say the government want them to operate 'slotting' - whatever this is. The valuer report gives a yield of 11% but a low property value. I don't know where an 11% yeild can be obtained in any industry but I may be proved incorrect with this. However, I have Savills residential rental market report which shows their findings of a 6% return outside London is acceptable. Does anyone know of an authorative source which would give a common yield as acceptable - hopefully not 11% as obviously I am going to challenge the valuer. Thanks in advance if anyone has anything to contribute.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.