S.133 – The Sequel

In the wake of the Housing Act, RPs and their advisers have been assessing the impact of deregulation on valuations and the ability of RPs to manage their assets in a more commercial way.

Following the repeal of s133 legislation on restriction on title, we've been working successfully with funders, valuers and RPs in the uplift of properties from EUV valuations to MVSTT with dramatic results. In one case we were able to uplift a client's portfolio of 5000 properties from EUV to MVSTT, increasing their borrowing capacity to £36m on the stock that transferred from a local authority under a Large Scale Voluntary Transfer (LSVT). This allowed for excess security on revaluation to be used as security on new charging.