There has been a
"significant" rise in homes being valued at less than what buyers
have agreed to pay, the UK's largest mortgage advisers have said. These
"down valuations", by lenders, can mean buyers having to pay
thousands of pounds extra, up front, to avoid the sale collapsing. Estate
agents Emoov said it reflected surveyors predicting a financial crash. UK
Finance said lenders, which it represents, were right to ensure property values
were realistic. The organisation said borrowers also benefited from houses
having an "independent valuation". Read more on the BBC website.
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warns
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Wajid Khan tells House of Lords remediation work is yet to start on half of
properties with unsafe cladding
Far too many high and medium-rise buildings a...
1 day ago
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