Property: Valuation
(asked on 12th December 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will have discussions with representatives from the banking sector on the adequacy of property valuations for mortgage applications.
This question was answered on 19th December 2024
The Government is regularly in contact with mortgage lenders on all aspects of their business, including the mortgage application process.
The specific details of how property valuations are carried out for mortgage applications is a commercial decision for lenders in which the Government does not intervene.