Algorithmic Underwriting Most people have come across credit scoring as an established way of assessing credit applications. Algorithmic underwriting is almost a next generation system, however it does things very differently and if the borrower is unaware then it can often catch them out. Where credit scoring looks at the fixed factors, algorithmic systems concentrate
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Mortgages for Short Term Lets & Airbnb Analysis website insideairbnb.com estimates that there are over 110,000 properties in the UK being let through Airbnb. Almost half of these are entire houses, flats or apartments rather than single room lets. It is little surprise to see the growth in use of sites such as Airbnb, especially
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What To Do Before Instructing a Property Valuation With all property lending the lender will want to instruct and receive a full valuation report from a qualified surveyor. This is done to ensure the property is worth what the borrower says and to check that it forms suitable security for the loan. The lender wants
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