Nationwide mortgage “valuation”?!

No41edwardianhouse

kingstreet said:

Mortgage report & valuation and property risk assessment are synonymous.

In the industry we strive to avoid use of the word survey so may alternatives have been thought up over the years.

SML, not SDL?

Deffo SML…

No41edwardianhouse

kingstreet said:

Mortgage report & valuation and property risk assessment are synonymous.

In the industry we strive to avoid use of the word survey so may alternatives have been thought up over the years.

SML, not SDL?

Could this be something to do with it…

https://www.mortgagefinancegazette.com/market-news/surveying/property-risk-inspection-supports-nationwide-re-engineer-survey-process-25-05-2018/

[Deleted User]

Much cheaper to send someone out to gather data about the properties and pass it all back to the higher paid surveyor who sits at a desk and signs off more properties in a day than they could if they had to travel to each property themselves 

No41edwardianhouse

Deleted_User said:

Much cheaper to send someone out to gather data about the properties and pass it all back to the higher paid surveyor who sits at a desk and signs off more properties in a day than they could if they had to travel to each property themselves 

Right, I see. Just never heard of it before!