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Response to VALUATION OF PROPERTY

from Tony Hayter (Tony@Hayter.com)
The following is the relevant extract from the Council of Mortgage Lenders Statement of Practice on HANDLING OF ARREARS AND POSSESSIONS (January 1997):

"Valuation

(b) A valuation of the property is obtained from either one or two qualified surveyors and another from the appointed estate agent."

Their web site is at:

www.cml.org.uk

and the statement of practice is at:

www.cml.org.uk/faqs/stmta&p.htm

As far as I am aware all lenders that are member of the CML are required to comply with this requirement.

Regards,

(posted 8538 days ago)

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