Method launches 2,500 strong ‘Glossary of Terms' for lenders

Methods new Glossary of Terms launches today with descriptions of over 2,500 of the most commonly used terms by valuers and property professionals. Plus a few that aren't so common.

Published 09th Apr 2020

Glossary of Terms

  • Do you know the difference between Market Value and Fair Value?
  • How does a Tarran house compare to a Wimpey No Fines house?
  • What is Red Ash and why is it a problem?

Staying true to the Method maxim of "we're here to help", our user friendly and comprehensive glossary covers property, valuation, construction, legal, planning, defects and more. It's there to provide underwriters and other lender staff with a reliable, and up to date, easy reference guide.

We've worked hard to ensure that the descriptions are clearly explained and neutral, meaning they are free from bias and not trying to influence the reader towards a particular decision.

The 'Glossary of Terms' is available to all clients who are signed up to our Method xi lender portal.

Managing Director, Mark Robertson MRICS, said

The idea for a glossary came about following discussions with Lender Clients. We've all received valuation reports and wondered what a specific term meant. The question then is, how do you find out?

In practice that means asking a colleague for their interpretation or navigating google for an answer, which is often more time consuming, confusing and uncertain than it sounds. The implications of getting it wrong can be huge. Our glossary of terms, with user friendly interface and easy to understand descriptions will help answer a lot of questions and make life easier for our clients.

We're here to help!

Method xi – the cutting edge panel management software solution. Method guarantees a clear, consistent, and reliable valuation service that minimises risk to your loan book.

If you would like to see how method can help your business, get in touch via email or call us on 01642 269 306


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