RICS Red Book Global · Level 2 + Valuation

Level 2 HomeBuyer Report + Red Book aligned valuation

The full L2 inspection plus a Red Book Global aligned valuation: market value, reinstatement value, comparable evidence, valuer's certificate. For RICS Registered Valuers handling residential mortgage and probate work.

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Our approach to Level 2 + Valuation

The full L2 inspection plus a Red Book Global aligned valuation. Built for RICS Registered Valuers who need both jobs done in a single instruction: VPS 1 terms-of-engagement capture, VPS 3 mandatory report fields, VPS 4 comparable evidence, signed valuer's certificate, section-aware image manager, and smart fields that block export until every required Red Book field is populated.

VPS 1

Terms of engagement

Captures all 13 mandatory ToE items: client identity, asset, purpose, basis, valuation date, currency, fee, valuer credentials, restrictions, conflicts. Pre-populated from your firm settings.

Photo manager

Section-aware image manager

Bulk-import from your camera roll. Drag photos to inspection elements or comparable evidence entries. Annotate with arrows and labels. No more renaming files or dragging into Word folders.

VPS 4

Comparable evidence

3+ comparable transactions captured per valuation. Address, transaction date, sale price, condition, location adjustment, time adjustment, weighting. Forms the documented evidence trail RICS expects.

Your site notes

D4 walls — solid brick, sound throughout CR1, no defects observed comp 1: 12 oak rd £475k Mar 26 / similar size, cond +

AI draft — review & sign off

Main walls CR1

Description: Solid brick construction throughout, sound to inspection… Defects: None observed…

Valuation — surveyor only £ locked

Market value figure, special assumptions, and signed valuer's certificate are never AI-drafted — the named valuer judges the figure and signs the certificate.

AI · Red Book aligned

AI drafts the inspection. The valuation stays yours.

AI splits each element into description, defects, recommendations from your notes. It pre-populates VPS 1 terms-of-engagement fields. It captures comparable evidence metadata.

What AI does not do: propose a market value, set comparable weightings, or sign the valuer's certificate. Those are regulated professional judgements — the RICS Registered Valuer makes them and signs them off. Strict-literal mode means AI never invents materials, measurements, or causes.

Read our full AI compliance position

What's in the report

Full Level 2 (sections A–L) plus Red Book aligned valuation block.

AAbout the inspectionSurveyor + RICS Registered Valuer details, client, address, date, weather, related-party disclosure.
BOverall opinionOverall opinion narrative + key concerns.
CAbout the propertyConstruction, accommodation, EPC rating, mains services, location, facilities.
D–GInspection sectionsOutside / Inside / Services / Grounds — identical to standard L2 (33 elements). Description / defects / recommendations split per element. R-flag.
HIssues for legal advisersRegulation, guarantees, boundary issues, rights of way.

IRisksRisks to building, grounds, people.
VValuationMarket value, valuation date, basis of value (Red Book), tenure, special assumptions, reinstatement cost, market context, comparable evidence (3+).
WValuer's certificateRICS Registered Valuer details, signed valuer declaration, conflicts of interest disclosure, Red Book Global compliance statement.
J–LDeclaration, further investigations & termsSurveyor's declaration with AI disclosure, further investigations, standard L2+V service terms.

Level 2 + Valuation FAQs

Who can produce a Level 2 + Valuation report?

Only RICS members on the RICS Valuer Registration Scheme (often called Registered Valuers). The valuation section is Red Book Global aligned and the valuer's certificate names the regulated individual.

What's the difference between L2 and L2 + Valuation?

L2 is inspection-only. L2 + Valuation adds a market value, a reinstatement value, comparable evidence (typically 3+ transactions), special-assumptions handling, and a signed valuer's certificate.

Can the AI draft the valuation narrative?

No. AI assists the inspection portion of the report. The valuation, comparable evidence, and valuer's certificate sections are surveyor-only — the regulated valuation judgement stays with the named valuer. AI never produces a market value figure.

Is reinstatement cost included?

Yes. The valuation section captures both market value and reinstatement value (rebuild cost for insurance). For standalone reinstatement assessments outside a sale context, see the dedicated Reinstatement Cost Assessment template.

Does the report include comparable evidence?

Yes. Each valuation captures 3+ comparable transactions with full metadata: address, transaction date, sale price, condition, location adjustment, time adjustment, and weighting. Required by VPS 4 for documented evidence.

Is the AI aligned with the RICS 2026 AI Standard?

Yes. SurveyorSuite is designed around the RICS Professional Standard Responsible use of artificial intelligence in surveying practice (in force from 9 March 2026). The valuation block in particular keeps AI out of regulated valuation judgement — the AI disclosure block names text generation only, with photo analysis and research opt-in. The named valuer signs off under s.4.2. See our full AI position.

What happens to my notes? Are they used to train AI models?

No. Your notes are sent to Anthropic's commercial API for inspection drafting only. Anthropic explicitly commits in their Commercial Terms that customer inputs and outputs are not used to train their models. 30-day Trust & Safety retention, then deleted. Comparable evidence and valuation figures are never sent to AI.