Purpose

LCC levies a land charge on properties
belonging to some service users who enter residential
accommodation. The Council effectively “loans” service
users money to pay for their residential accommodation, accruing a
debt against the property, which is secured via the land
charge.

Up-to-date property valuations assist in determining whether the
service user has adequate security from which the debt will be paid
to the Council.

The Council continues to require the services of a Supplier
offering Chartered Surveyors who are RICS qualified to carry out an
up-to-date valuation on approximately 300 properties per year as
these arise. In some instances, the surveyors will not be able to
gain access to the properties, so “drive-by” valuations
will suffice.

Content

Khadija Saeed, Head of Service,
Corporate Finance, on behalf of Noel O'Neill, Director of Finance and Commerce took a
decision to extend the Property Valuations provision by 6
months.