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News Release

London

Jones Lang LaSalle duo achieve UK’s first Hypzert for Mortgage Lending Valuation Qualification


London, 21st January 2013 – Jones Lang LaSalle has announced  that two of its Valuation Advisory directors, James McTighe and John Harrison have recently succeeded in obtaining the international HypZert qualification for Mortgage Lending Value.  They are the first two valuers within private practice in the UK to obtain the qualification, stealing a lead on our competitors!

Mortgage Lending Value is a special valuation calculation that focuses on the long term sustainable value of a property. It is typically used by German Mortgage Banks who use the German covered bond market or ‘Pfanbrief’ market to raise funds for lending against real estate.
 
Many of these banks such as, Deutsche Pfanbrief Bank, Deka Bank and Helaba are already long term clients of the firm. This qualification will enable us to provide this additional service which many of the banks are now seeking from external consultants rather than undertaking it themselves in house.
 
Andrew Renshaw, director of Valuation and Professional Advisory at Jones Lang LaSalle said: ‘The sustainable value of a property is a concept which is being given serious thought by regulators and standard setters when considering risk. The knowledge of Mortgage Lending Value coupled with our market knowledge ensures we are at the forefront of these developments and qualified to advise our clients.’
 
This is the first time the subject has been taught in English and in order to obtain the qualification James and John attended two, three day training sessions in Berlin over March to May last year, prepared coursework and subsequently sat the exam in September 2012.
 

This will be a new business line for UK Valuation Advisory, which will be formally launched shortly once the set up process covering  preparation of the report templates, valuation models and quality control procedures are complete.