L&G in mortgage valuation scheme

A new scheme has been launched that provides people selling their homes a mortgage valuation when they put their property on the market. It is hoped the scheme, being piloted by Legal & General, will allow interested buyers to make offers with the security that their target property is good for a mortgage. The scheme, called One Step Ahead, means vendors and buyers will have access to a report up front which shows a property's suitability for a mortgage in terms of both value and condition. People selling their homes through participating estate agents will have their homes inspec...