Mortgage Solutions Breakfast Briefing: Surveying - Strengthening the Value Chain

This Mortgage Solutions Breakfast Briefing will focus on the importance of the surveying function in the home buying process. Brokers and advisers are increasingly playing a more active role in sourcing or recommending surveyors for clients.

According to RICS research, a quarter of all homebuyers who fail to have a survey are forced to undertake unplanned building works to their properties after purchase. The average bill for these works, such as damp proofing or repairing a roof, is over £1800 - but the personal cost can be much higher.

It is part of a broker and an adviser's duty to ensure clients receive suitable advice about the range of survey options available to them. The CML requires advisers to discuss the surveying aspect of the mortgage and home buying process with their clients. This also ties in with the Treating Customers Fairly guidelines set out by the FSA.

Many consumers are unaware that a lender valuation is not an extensive survey and will not necessarily identify all the repairs or maintenance that might be needed. This can leave them open to unexpected and unnecessary risks.

CPD Accredited EventAttendees will benefit from sessions covering:

  • The current state of the surveying market
  • IFA and mortgage broker responsibilities/requirements
  • Potential opportunities and benefits for brokers and advisers
  • How the surveying function can reduce risk and improve the customer experience
  • A 360 degree view of the issue: with presentations and discussions covering all angles of interest to brokers

For many people, buying a home is the biggest financial purchase they will ever make, so making sure your client can secure they are buying a home at the correct value is key to the adviser's role.

This breakfast briefing will examine the options available to IFAs, mortgage brokers and their clients and explore the untapped benefits for advisers.

Places are free for those who qualify, but are limited, so book your place today to secure your seat.

 

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