TITLE

CHL defends its approach to new-build valuations

AUTHOR(S)
Le Gouais, Marcel
PUB. DATE
January 2008
SOURCE
Mortgage Strategy;1/28/2008, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move by CHL Mortgages to defend its approach of valuing new-build properties in Great Britain. The firm has encountered accusations that its policy of valuing new-build properties against second-hand homes is failing to treat customers fairly. Paul Davies, managing director of Mortgage Financial, has criticized CHL's practice which asks Countrywide Surveyors to base valuations on second-hand properties rather than using the identical possessions from similar ones.
ACCESSION #
28816934

 

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