Why commercial valuations are used for residential investment property

Have you ever wondered why your residential investment property has received a commercial valuation? We have reached out to Appraisers UK Ltd, a leading panel manager that manages valuations panels for a number of lenders, to find out the answers for you.   What are commercial valuations and why are they used for residential properties?   Firstly, the reference to “Commercial Valuation” is historic, due to the free-script valuation report template, mainly being used for…