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Cemap2 > Topic 14 - Valuations and surveys > Flashcards

Topic 14 - Valuations and surveys Flashcards

1
Q

Valuations available

A

-Basic
Condition report
HomeBuyer
Building survey

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2
Q

retention

A

A portion of the loan of the loan held back by the lender until the buyer provides evidence the

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3
Q

Valuation report

A

form the basis of the lending decision

  • lend or not
  • size of the advance
  • percentage advance LTV
  • recommended conditions of the advance
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4
Q

Undertaking

A

Formal agreement buyer will undergo remedial work

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5
Q

retentions

A

repairs required, more extensive then the undertaking

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6
Q

NHBC Buildmark

A
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7
Q

Premier guarantee

A
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8
Q

LABC New Home Warranty

A
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Cemap2 (29 decks)

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