Valuations that mean buyers are flat broke
Barnard, Lucy
Valuations that mean buyers are flat broke - 2005 - Estates Gazette (0549) 10 December 2005, 52-55(4) .
Looks at the strained relations between RICS and the Council of Mortgage Lenders (CML) who claims that RICS-accredited surveyors are miscalculating the values of new-build flats, leaving both lenders and the public out of pocket. CML is complaining that this situation has not yet been addressed by RICS and other key bodies. Mortgage Works, a specialist mortgage lender of the Portman Building Society, is stopping all lending on new-build buy-to-let properties because valuation in the sector is more of an art than a science. Considers the position of the valuer and how fraudulent valuations work with undeclared incentives undermining transparency.
Valuations that mean buyers are flat broke - 2005 - Estates Gazette (0549) 10 December 2005, 52-55(4) .
Looks at the strained relations between RICS and the Council of Mortgage Lenders (CML) who claims that RICS-accredited surveyors are miscalculating the values of new-build flats, leaving both lenders and the public out of pocket. CML is complaining that this situation has not yet been addressed by RICS and other key bodies. Mortgage Works, a specialist mortgage lender of the Portman Building Society, is stopping all lending on new-build buy-to-let properties because valuation in the sector is more of an art than a science. Considers the position of the valuer and how fraudulent valuations work with undeclared incentives undermining transparency.