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Updated advice on ratings revaluation
12 June 2019 Jane Harrison-White, Executive Director
The latest (June 2019) update on the ratings revaluation work can be found here.
Following the last briefing in April, all negotiations for the Group Pre-Challenge Review (GPCR) for the agreement of a revised scheme of valuation for HEIs in England & Wales have been concluded. Nevertheless, due to the potential impact of the Stage 2 (Age & Obsolescence) scales, not just on the HEI sector but on all property classes valued on a cost-based approach, the VOA required longer than anticipated to complete its internal approval process. We are, however, now able to confirm that the draft revised scheme as encompassed in a new Memorandum of Agreement was confirmed by the VOA as agreed, in principle, on 1 May.
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12 June 2019 
Jane Harrison-White, Executive Director
