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Rocking the Boat

Posted by: andrewlund

The problems that have beset Northern Rock may well prove to be atypical as far as the mortgage industry at large is concerned. However, one factor that applies across the board is attitude to risk. With rapid house price inflation Lenders can afford to be relaxed about Valuations, as they know that if they have to repossess a property then it is likely that its value will have appreciated since the loan was made. In the current market Lenders are becoming more circumspect and an increasing number of Sellers and Buyers may find that the price they have struck is not supported by the Lenders Valuation.
Andrew Lund
Andrew Lund

Compliance Officer for Legal Practice

Andrew oversees the Firm’s Quality Systems and is committed to making sure that our client’s receive the very best customer care and attention along with the best marketing and legal advice in the area.

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