Desktop valuations will halve fees
Series: Estates Gazette ; (0123) 9 June 2001, 37(1)Publication details: 2001Subject(s): Summary: Countrywide is introducing a database that uses postcodes to allow lenders to compare values of similar properties in England and Wales. The information will be used to give desktop valuations for mortgages rather than paying surveyors to visit properties. This will affect surveyors working practices and cut the amount paid in fees to residential surveyors.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3723-35 (Browse shelf(Opens below)) | 1 | Available | 113067-1001 |
Countrywide is introducing a database that uses postcodes to allow lenders to compare values of similar properties in England and Wales. The information will be used to give desktop valuations for mortgages rather than paying surveyors to visit properties. This will affect surveyors working practices and cut the amount paid in fees to residential surveyors.