Hometrack lines up prime pre-valuation for brokers

Valuation provider Hometrack is planning to launch a prime market pre-valuation service for brokers ...

Valuation provider Hometrack is planning to launch a prime market pre-valuation service for brokers before the end of the year. Hometrack already offers the service in the sub-prime market and will launch the prime version with a single network, according to David Catt, commercial director at Hometrack. The service will enable brokers to obtain a value on properties similar to the one in question and therefore be able to make a judgement on whether the client's own property provides ample security for the proposed equity withdrawal or remortgage. The service will cost £5 per property or...