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XIT2 predicts chronic shortage of surveyors

The survey of lenders, intermediaries, estate agents, surveyors and solicitors predicts a chronic shortfall with only 3% thinking there will be enough surveyors to handle the increased workload created by HIPs.

Paul Duckworth, xit2 managing director, says: “These results will force the market to sit up and take notice. In an already overstretched industry this could create significant delays in the marketing of properties.”

xit2 fears that without enough RICS-qualified surveyors the UK may be forced to follow other countries with building firms offering surveying services. Lenders could lack confidence in non-RICS valuers.

Duckworth adds: “One way to mitigate some of the deficit would be lenders using more automated valuation models for low LTV loans.”


On the beat

However for me the entertainment value is fading and I am now getting pretty fed up with the hostilities. The nature and conduct of the debate it getting us nowhere. It is not constructive on any level. In fact to conduct the debate in public at this critical time is counterproductive. Now is the time […]

10 million below poverty line paying more for services

Exactly a year since the NCC lifted the lid on a hidden Britain where millions struggle to afford essential household utilities, the independent consumer policy expert is launching an initiative to tackle the injustice that leaves the worst off getting the worst deal. The NCC&#39s dossier of the double disadvantage inflicted by poverty will be […]

Some potential ARs are taking it to the brink

Further evidence that brokers are still unsure about what to do as Financial Services Authority regulation looms came Mortgage Strategy&#39s way last week. A broker called up to pick our brains on how to choose a network, having spent the past few months trawling through the promotional literature to narrow his choice to two. MS […]

HSBC widens reach of Islamic home loans

The bank expects to sign up some 50 IFAs and brokers after receiving a steady stream of requests. It is currently meeting up with intermediaries who have been in contact over the last 12 months and is hoping to achieve a geographical spread across key Muslim areas. The bank will pay commission based on a […]

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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