Plea to speed up hous­ing sur­veys

Yorkshire Post - Property - - PROPERTY -

LACK of sur­veyor avail­abil­ity is wors­en­ing and is a threat to the re­cov­ery of the res­i­den­tial prop­erty mar­ket to Ble­main Group, a spe­cial­ist lender of mort­gages, se­cured loans and bridg­ing prod­ucts.

Tracey Bai­ley, head of res­i­den­tial un­der­writ­ing at Ble­main Group, says: “We’re hear­ing re­ports of cus­tomers los­ing the prop­erty the want to buy due to the ex­tended pe­riod to ob­tain the sur­vey.”

She adds that sur­veys are be­ing de­layed and some­times can­celled at short no­tice, caus­ing knockon de­lays in the un­der­writ­ing process.

“Checks and doc­u­ments that are time sen­si­tive of­ten have to be re­done as they have ex­pired, lead­ing to yet fur­ther de­lays,” she says.

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