Category: valuation

HMO Licences taking up to 9 months…

If you have a House of Multiple Occupation (HMO), you should now be aware of the rules that came in to effect on 1st October.   You also be aware that some councils are behind already on the licence applications with one rumoured to be nine months behind! To recap – any property with five or […]

AToM’s chairman Vic Jannels picks up ‘Service to the Industry’ award!

I start this week with some fantastic news in the AToM’s chairman Vic Jannels was awarded his second accolade of the year as he picked up ‘Service to the Industry’ at last week’s Specialist Finance Introducer Awards 2018.   The event, held at Madison in St Pauls, London, was attended by over two hundred of the […]

Only 20% of homeowners take a homebuyer survey when purchasing a property.

Research from Legal & General has shown that only 20% of homeowners take out a home buying survey when purchasing a property.  This is despite home buyers on average spending £5,750 on unforeseen repairs when they move into their new home! So, to recap on the options: Valuations on properties to be mortgaged come in […]

A survey is for the lender, not you!

Some weeks there is just too much news to take in and it can be difficult to assimilate and decide which to report on.  Then there are quiet weeks where nothing much seems to happen.  This week has been the latter and the mortgage market has been quieter than normal.  So, what to discuss?  Surveys! […]

Delays across the market….and Elephants in Horsham?

Wow, what a week!  It’s good and bad news though. The good news is that the mortgage market is really buoyant with good business volumes, product choice at it’s highest for some years and properties selling quickly (sometimes before they make the papers and above the asking price). The bad news is that this is causing […]

Rumours are rife on a Bank Base Rate increase soon.

Following on from the Bank of England Governor’s recent comments on a Sunday TV programme, and in fact some time beforehand, the rumour mills are rife trying to guess when we will see a Bank of England base rate rise.  The economy is so buoyant that it needs a little slowing down, apparently!  I was […]

Halifax help First Time Buyers

A helping hand for First Time Buyers this week as Halifax for Intermediaries launched a promotion where they will pay the Stamp Duty for all properties with a value between £125k and £250k.  With products available to customers with a minimum 10% deposit, this is a nice move by the lender, especially as this is […]

The valuation is for the lender, not you!

Some weeks there is just too much news to take in and it can be difficult to assimilate and report on. Then there are quiet weeks where nothing much seems to happen.  This week has been the latter and the mortgage market has been quieter than normal.  So, what to discuss? Well, it all went Wonga […]