Shortage of surveyors causing mortgage processing delays

Aaron Strutt Image
A shortage of property surveyors is causing valuation delays of up to five weeks in certain postcodes across the UK. London and the south-east is thought to be the worst affected. Mortgage Strategy magazine conducted a mystery shopping exercise on 14 June and found that some valuers are putting valuations “on hold” in the SW15 postcode and they are not accepting new instructions. Properties in the KT postcodes are also badly affected. Aaron Strutt, product and communications manager at Trinity Financial, says: “The lenders are acting to get on top of the problem and some are recruiting new surveyors. Not all of the lenders are reporting delays, so if you are in a hurry to complete it might even be quicker to switch lenders.” June 21, 2013
Get Started

Get started today

Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.

Google Reviews
Trustpilot
Book a Consultation Talk to an Expert
As seen in
Sunday Times Telegraph Financial Times BBC News The Express The Times