Decision details

Extension of Property Valuations provision

Decision Maker: Director of Finance and Commerce

Decision status: Recommendations Approved

Is Key decision?: No

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.

Decision:

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.

 

Divisions Affected: (All Divisions);

Contact: Noel O'Neill Email: noel.oneill@lancashire.gov.uk.

Date of decision: 24/02/2025

Accompanying Documents: