RICS updates global guidance on bank lending valuations with two publications
The Royal Institution of Chartered Surveyors (RICS) has published two updated documents to guide valuation professionals in applying the Basel 3.1 framework to bank lending valuations. The Professional Standard (Europe), effective from 1 January 2026, provides revised guidance for valuations within EU jurisdictions, reaffirming market value as the primary basis while maintaining mortgage lending value (MLV) as a long-term measure. The Practice Information (Global), effective immediately, offers global guidance on prudently conservative valuation criteria, recognising national regulatory differences and promoting consistent, research-based approaches.