So can you tell us, Ellie, is there anything going on here? Is there something that we need to be aware of, need to be thinking about that has the potential to affect a valuation or revaluation?

I think for most properties, the standard single-let properties, if you're looking at bricks and mortar value, or if that's small HMOs as well, I don't think it's making any difference.

I haven't seen any difference on that.

Where I've seen a few issues, and it's tricky because it's not across the board.

Every valuer has got their own idea of what they're going to do.

It's an art, not a science, according to...

Somebody at Allied has brought it to me recently.

How do you think that this pans out and what do you think it looks like going into 2027? I

the planning isn't in situ.

Yeah, the valuer can, and we will always get the valuer to give us a commentary on all of the potential solutions that we've got.

So what I'll say to a client is like, "Right, so what's your ideal solution? So yes, planning's approved for exactly what you want it to be approved for.

What does that look like?" And we'll always get a GDV on that basis.

And then the lender will never work on what we call hope values.

There's no hope involved in lending, so it's always about what you can definitely do.

So where we haven't got planning for the ideal solution, we will always ask for a backup plan.

Did your client have those people around him?