Street believes that the most vital change that is needed to sort out the PII problem concerns the insurance providers. “Valuers don’t want to work against the market.” He added that valuers aren’t trying to protect their PII by being risk-adverse their reports are simply evidence based. “I think it a collaborative effort from lenders, valuers and brokers to work together,” he said, explaining that it has become a “vicious circle” where lenders push valuers to do the job quickly and then blame them for being negligent, resulting in higher PII fees.ĭaniel stressed that we have to move away from the ‘us and them’ mentality.
Lenders struggling with deal flow warned of the risks of expanding regionally. 
HMOs considered the biggest area for landlord education. Brokers want trust and delivery from new bridging lenders, not 'silly rates'. To do this, it has brought out new products that utilise desktop valuations and AVMs. “We’ve had to evolve and think of ways to combat that while mitigating the risk to us as a business,” he shared. Stratton explained that he had seen the problems that valuers were having for quite some time in terms of turnaround times and costs, brought about as a result of the squeeze from rising professional indemnity insurance (PII) premiums. The panellists began by discussing how bridging lenders’ approach to valuations has changed in recent years. Hi Alexia Just to let you know we received the bags in good shape they are great.B&C was joined by MS Lending Group’s managing director, Michael Stratton, and lending manager, Michael Street, VAS Audit’s managing director, Daniel Owen-Parr, Master Private Finance’s sales and operations director, Aaron Noone, Redi Finance’s property finance broker, Meir Peer, and Atlas Property Finance’s property finance broker, Adam Klein. Thank you for your email, I was extremely impressed with the speed and the quality of service from JKL. I am intending on growing my team over the next few months and will likely require more uniform as a result. That is great to know about the discount thank you. I would definitely recomend your services! I received the aprons and jacket yesterday - very speedy, thank you. I Got the order and I love it, thanks for all your help on this! Just like to say thank you for all support and help!
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