Mortgage News
Mortgage valuations up as Gateway reports record month
Panel management and surveying firm Gateway has reported a record rise in business during the month of August.
Last month’s figures showed a significant improvement in the housing market compared to the year before, when businesses recorded a slump in the public’s enthusiasm to purchase property.
Despite the slow recovery in the market, the firm has revealed that 70% of their valuations were for house purchases.
Mel Kettle, director of client services, said: “Recent estimates of gross lending from the CML show just £11.4 billion of lending, the lowest in a decade.”
He added: “Our figures hopefully point to an increasing appetite for house purchase.”
Kettle has also hinted that if the trend continues until the end of the year then the company will look to expand its in-house team and panel of valuers.
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