Promoting and enhancing best practice and technical expertise

Rating Talking Heads: April 2024

The Triple List Maintenance Conundrum

This event runs as an informal discussion with a small panel of leading and informed practitioners extracting the nuances from the selected topic. They discuss practical issues that arise, with participants in the meeting being encouraged to listen, join in, ask questions and share comments.

Start Date Venue Price  
30 April 2024 Virtual Monthly Discussion £50 BOOK

Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate

Event duration: 1 Hour Topical Panel Discussion.
Registration from: 12.55. Event starts at: 13.00. Event finishes at: 14.00.

April's Discussion: The Triple List Maintenance Conundrum



With 3 year revals, rating advisors must now be mindful of 3 Lists – the tail end of the 2017, the current one and the forthcoming 2026 List. How will the 2024 valuations fair when considering the proximity of the 3 Lists, the outstanding challenges and appeals from the previous ones? When do advisors challenge and on which List?


2023/2024 have seen an absence of significant number of cases going to the Valuation and Upper Tribunal, though workloads have been intense by check or challenges from the closing down of the 2017 List. Will there now be an approaching Appeals spike?


There have been work spikes in the past, but this is disruption on a scale never experienced and onlookers may say is unsustainable.  


How do practitioners manage properties and clients? 

April's Talking Heads

Programme

This Talking Head's event will discuss;

  • What do the numbers look like after the end of list spike?
  • Action on one List may create unintended consequences on the other Lists
  • Impacts 
  • When is the right time to act?
  • Managing clients
  • Multi-Tasking 
  • Does the industry have the resources for 3 yearly Revals and accurate list maintenance?
  • Will prior agreement be more prevalent in the future?
  • If GPCR is a potential part of the solution jigsaw, how do we get sufficient participation to overcome inertia? 
  • Will there need to be a cultural shift in behaviours to make the workload more sustainable?
  • Could having a “trusted ratepayer” and/or “trusted rating practitioner” within a self-assessment scheme be another way to make GCPR work better?