000 01040cab a22001935a 4500
001 L147748
008 090612s2009 xxk f 000 0 eng d
035 _a(Sirsi) u147748
041 0 _aeng
100 1 _aMayes, Suzie
245 0 0 _aPrice war
260 _c2009
490 _aHousebuilder
_v68(5) June 2009, 18-20(3)
520 _aReports on the malpractice of downvaluing by property clubs, who combine to purchase several new houses with a discount and then do not declare this discount to the lenders. This deceit has been highlighted since the downturn in the housing market, causing many lenders either to not lend for new house purchases or to put onerous conditions on them. The Home Builders Federation (HBF) have introduced a Code of Conduct, RICS have brought out new guidance, and the Council of Mortgage Lenders (CML) have a new "disclosure of incentives form" - all designed to restore confidence.
590 _aKA
651 4 _aUnited Kingdom
_y
690 _aPROPERTY-PROPERTY APPRAISAL AND VALUATION
942 _n0
999 _c81629
_d81629