Report Rics Valuations in House prices and the economy Posted March 3, 2009 Wouldn't a surveyor take their lead from the lending institution?If I was a surveyor with the little amount of work I had at the moment I would follow the lead of the lender, even if it was unwritten? The RIC's man quoted appeared to be more of an EA than a surveyor for a lender? This is an interesting question. There is a bit of confusion on this thread about the difference between a survey(or) and a value/valuation, but leaving that aside. Colley's is a huge panel of surveyors and valuers, and it is owned by the HBOS group. Now if you're HBOS and you want to lend a bit less whilst still appearing to be in the market and making an effort to lend, you may let it be known, to the company you own, that lean valuations are the order of the day.