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Gateway Surveyors enjoys record number of valuations

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  • 09/04/2015
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Gateway Surveyors enjoys record number of valuations
Gateway Surveyors has experienced its busiest month for valuations in its 10-year history, with volumes jumping by 20% in March on February’s figures.

The surveyor, which was acquired by the SimplyBiz Group in December, saw volumes rise by more than 10% on March 2014 last month.

Buy-to-let business helped to contribute to ongoing growth but Gateway said it saw noticeable improvement in first-time buyer interest and expected to see further growth in both areas. 

The surge in valuation instructions affirms the recent findings from the Bank of England’s Credit Conditions Survey. It revealed that while the demand for secured lending to households had declined significantly in the three months to early March, lenders were confident that this would pick up in the following three months.

Marcus Radcliffe, chief executive of Gateway Surveyors, said: “The quality of our reporting, coupled with the efficient turnaround delivered by our in-house surveyors, Sonas, and our Gateway Panel, continues to position us favourably in the market. We will continue to invest in more surveyors to ensure capacity is available for our clients.”

Martin Reynolds, CEO of SimplyBiz Mortgages, said: “March’s figures are very encouraging and show a market that is still very buoyant. We believe that, while still challenging in certain areas, the spread of valuation work undertaken shows the competition and desire for business from lenders is strong.”

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