Due Diligence

Question 1

What Due Diligence is required to carry out a valuation?

Answer 1

1. Asbestos Register
2. Business rates
3. Contamination
4. Equality Act compliance
5. Environmental matters
6. EPC
7. Fire Safety
8. Health and Safety
9. Highways
10. Legal title and Tenure
11. Public rights of way
12. Planning history

Question 2

Why is it important to conduct Due Diligence?

Answer 2

To check that there are no material matters that could impact the valuation

Question 3

How would you check an EPC rating?

Answer 3

The EPC Register

Question 4

How would you check Business Rates of a property?

Answer 4

The Valuation Office Agency (VOA)

Question 5

How would you check the legal title or tenure of a property?

Answer 5

Land Registry

Question 6

How would you check flood risk of a property?

Answer 6

The Environment Agency / Long Term Flood Risk website

Question 7

How would you check for Planning history?

Answer 7

On the local council’s website or planning portal

Question 8

How would you check for public rights of way?

Answer 8

OS plan

Question 9

How would you check for Highways?

Answer 9

Local Highways Agency

Question 10

How would you check for Environmental matters?

Answer 10

Environmental Agency

Question 11

How would you check if a property has asbestos?

Answer 11

The asbestos register

Question 12

Where would you save the documents for your diligence?

Answer 12

In the due diligence folder under the property