Valuations for Bank Security Purposes and in Relation to the Issue of Asset and/or Mortgage Backed Securities

Standard 6 covers the following matters: European Valuation Standard; The importance of consistent valuation across the European Union; The valuation basis; Market Value; Mortgage Lending Value, including applicable valuation methods; Special fiduciary responsibilities and obligations of a valuer; The independence of the valuer; Specialist knowledge; Conditions of Engagement; Investment Properties; Owner occupied properties; Development properties; Properties usually valued on the basis of their trading potential; Wasting assets; Forced Sale Value, or Liquidation Value.