With a majority being mortgage valuation instructions, combined with Homebuyer reports and structural surveys, the volumes paints a buoyant picture of today’s property market.
With the Council of Mortgage Lenders reporting a rise of 29% in gross mortgage lending for June, compared to the previous month, the record number of transactions managed via the Quest Secure Panel Network is reflective of the CML’s figures.
The monthly average for instructions processed between January and May 2015 worked out at 135,000 per month; as such, June saw an increase of 21% on that figure, which was also 9% higher than figures for June 2014.
Peter Stimson, managing director – Landmark Quest, Landmark Information Group, said: “The Quest system was the first of its kind to digitally send and receive survey and valuation instructions between mortgage lenders and surveyors. Today, we are proud to report a record month for the number of instructions that have been processed via Quest. With such a buoyant market, our systems are instrumental in ensuring a majority of the market’s mortgage valuation and survey instructions are processed smoothly; plus it demonstrates our expertise in delivering resilient, secure and reliable digital workflow services to the mortgage sector.”
