Page 12 - RBS GRG F Case Study

“The base value of the property would be calculated by a
valuer instructed by RBS and were typically substantially

below what customers viewed as a true valuation. The

PPFA would require the business to pay to RBS a

percentage difference between the base value and the

sale value or if not sold, then a revaluation at a pre-

determined date, whichever came first. So, if the base

value is calculated at £100,000 and I sell at £250,000 and

the PPFA requires me to pay 10% of the increase in value,

I would have to pay West Register £15,000.” (15, 27)