Due Diligence Flashcards
What Due Diligence is required to carry out a valuation?
- Asbestos Register
- Business rates
- Contamination
- Equality Act compliance
- Environmental matters
- EPC
- Fire Safety
- Health and Safety
- Highways
- Legal title and Tenure
- Public rights of way
- Planning history
Why is it important to conduct Due Diligence?
To check that there are no material matters that could impact the valuation
How would you check an EPC rating?
The EPC Register
How would you check Business Rates of a property?
The Valuation Office Agency (VOA)
How would you check the legal title or tenure of a property?
Land Registry
How would you check flood risk of a property?
The Environment Agency
How would you check for Planning history?
On the local council’s website
How would you check for public rights of way?
OS plan
How would you check for Highways?
Local Highways Agency
How would you check for Environmental matters?
Environmental Agency
How would you check if a property has asbestos?
The asbestos register
