which mortgage lenders use countrywide surveyors
Therefore, they make sure the value of the property is worth the risk of investing. This renewal represents faith in our proposition and we will continue working innovatively with Santander to deliver a consistently great service for the bank and its customers., Matthew Cumber, Managing Director of Countrywide Surveying Services, said: We greatly value the continued growth in our partnership with Santander and the opportunity to work with a bank who maintains a constant focus on improving and expanding the customer experience. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. I look forward to our future collaboration in enhancing the customer experience and bringing innovative projects to market.. Hence lenders tending to have corporate panel managers like Countrywide, Esurv, Connells, Colleys etc. My property is in a conservation area and dates back to over 200 years. The division comprises Dynamo, Mortgage Intelligence and Countrywide Surveying Services. During the survey, a licensed surveyor, accredited by the royal institution of chartered surveys, will visit the property. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. Personally, I do not see the base rate coming down in 2023, however, with energy costs and other key inflationary pressures reducing, I do think the pressure is reducing on consumers.. VAT number: 500 2481 05. Vote in our polls, get your opinion across on the news and watch out for our weekly editorial round-up features. The settlement requires Countrywide to pay $108 million, which will be refunded to homeowners who Countrywide overcharged before July . which mortgage lenders use countrywide surveyors 2021. The housing market emerged from a hectic 2021 with out of kilter pricing, which means buyers could need to find thousands of pounds more in cash to secure their dream home. NMLS: NMLS #1967281. You can control these by clicking 'Cookie preferences'. All cancellations must be received in writing. Nationwide is not responsible for the content of external websites. We will complete a valuation of the property for our lending purposes only. There are three levels of surveys to consider: Condition Report (Level 1) The Home Condition Report provides a basic overview of a property's condition and the main risks it might contain. Outside of the mortgage report & valuation, you are still free to appoint a surveyor of your choice to carry out your desired inspection/report as Andy said. Ascertaining the market value will help you get a mortgage. Countrywide is a wholly owned subsidiary of Connells Group What youll get is a report on the propertys condition. Your client may wish to contact Countrywide Surveying Services on 0800 012 6995, e.surv Chartered Surveyors on 0800 169 9661, or any other provider to discuss . When/if you apply for a mortgage with us, we wont charge you for one. Countrywide isthe UKs largest mortgage broker, and in 2017, we completed on 17.7bn of mortgages. The appointment of Countrywide Surveying Services as lead valuer is well deserved and a reflection of the ongoing strength of our relationship. It also includes technical details on building construction, materials used, etc. Countrywide Surveying Services (CSS) is an award-winning, leading supplier of valuation panel management services, residential valuations and surveys in the UK. The lender should know that the loan can be charged. The method for determining the true condition of a property should be from the actual inspection during an official property survey. Buying a house is a huge commitment. In response to growing capacity needs of the industry, we actively promote new talent. I look forward to our future collaboration in enhancing the customer experience and bringing innovative projects to market.. Or, if youre applying for a mortgage with one of our mortgage advisers, theyll be able to talk you through the options. Costs vary for each level of survey based on the property value. Robert M. CrossCountry Mortgage made purchasing my dream home in another state very easy. According to statistics from the Council of Mortgage Lenders, gross mortgage . If you would like to know more about our privacy policy, please follow this link https://www.mortgagesolutions.co.uk/privacy-policy/. Mortgages Loans. Also, being aware of issues that affect the structural integrity of the building, such as rot problems, dry rot, woodworm invasion, or potential hazards such as a big tree close to the building. Our clients who are first-time buyers have seen their rents also increase and want to get on the property ladder for more certainty. She noted that new purchases had increase, more than doubling on the last quarter of 2022. In addition, we ownThe Buy to Let Business, our specialist business in the buy to let sector, who now also handles all customers who wish to transact by telephone. By using this website you agree to our cookie & privacy policy. Members of our senior management team represent their peers within the sector, including: Our leading services to homeowners and lenders have earned us many industry awards awards over the years, with the accolades recognising our exceptional customer service, use of technology and innovation. In August 2019, Santander partnered with Countrywide Surveying Services to become the first lender to offer a mortgage product for first-time buyers that included a free condition report - HomeFact. There are two options in this type of survey: to include the survey with or without a property valuation. Address: 25-27 Pantbach Road Cardiff CF14 1TU United Kingdom, My Conveyancing Specialist 2023. The problem, in this case, is that the lender that we undertook the inspection for refuses to accept homes with spray foam insulation as a suitable security for a mortgage or lending. If you do not allow these cookies, we will not know when you have visited our site. These cookies do not store any personally identifiable information. NMLS: 1222392. My house was valued by countrywide surveyors (appointed by Barclays) at 250k in April 2015 for my Barclays Mortgage when I moved across to them from HSBC, then when I asked for a further advance 12 months later in March 2016, a different surveyor appointed by Barclays valued it at a staggering 220k, some 30k less despite prices . Please simply. Mortgage Express v Countrywide Surveyors Ltd | [2015] EWCA Civ 1110 | England and Wales Court of Appeal (Civil Division) | Judgment | Law | CaseMine Browse cases England and Wales Court of Appeal (Civil Division) 2015 October Mortgage Express v Countrywide Surveyors Ltd Mozilo was very concerned with the quality of credit borrowers and the quality of their loans. The annual change in house prices went into negative territory for the first time since June 2020, falling 1.1 per cent year on year and 0.5 per cent month on month. It also was named Best Lender for Later Life Lending in the Legal & General Mortgage Club Awards 2019. Read 14 reviews, get contact details, photos, opening times and map directions. Countywide Mortgage Lending Team. Some properties, such as newly built or converted homes and those bought under Right to Buy, don't have to have a Home Report. If they hold any Woolwich/ Barclays BTL mortgages, simply detail the account numbers for us; . There are 3 levels of survey - Home Survey Level 1, 2 and 3. Suitably qualified replacements may be sent if you are unable to attend; however, the organisers must approve them before the event takes place. Poll: How are you feeling one-year into the pandemic? Has buy-to-let affordability improved since higher product fees have been introduced? ervice to the bank and its customers during this challenging year has been outstanding. You will receive confirmation of your cancellation. It will supplement the information provided in the mortgage valuation survey. Search for Surveyors & Valuers near you on Yell. 2 Posts. This is the least detailed survey that can be performed on a property however, it is nowhere near as in depth as a homebuyers report or full structural survey. He added that the financial market conditions have since stabilised but housing market activity has remained subdued. The surveyor undertaking the mortgage valuation will identify whether an EWS1 form is required. The programme includes a number of seminars and workshops over the next 10 months where participants will learn a range of new skills and how to put them to use. If this happens, your mortgage provider or broker will talk to you about what options you might have, if you still want to buy the property. She has over four years' experience in the B2B publishing market, with previous industries including the accounting, pet, funeral, hospitality, retail and jewellery trades. The signature of the delegate/visitor or his/her duly authorised agent on the registration form shall signify the delegate/visitor's acceptance of the above conditions and the same shall bind both parties to this contract. Everyone from the lenders, mortgage advisers and estate agents were completely baffled by this decision and this led to the property being classed as . Countrywide was found guilty of defrauding federal mortgage giants Fannie Mae and Freddie Mac as the height of the housing crisis. We are also committed to deliver against six core people-focused principles, which drive inclusivity within our business and across the profession. Mortgages Mortgage Valuation and Home Surveys Mortgage providers do Mortgage Valuations. These cookies are necessary for the website to function and cannot be switched off in our systems. Mortgage guarantee scheme extension positive but raises risk of negative equity, expert says HSBC makes rate cuts of up to 55bps Around 35 per cent of pensioners in 70s 'unaffected' by cost of living crisis 'Relatively soft landing' possible in 2023 with five per cent house price falls Nationwide Four out of five homebuyers still confuse a mortgage valuation with a survey, according to a poll by Countrywide Surveying Services. Countrywide Surveying Services (CSS) has announced an intake of 29 people into its Training Academy for the second half of 2021. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You are already registered for our newsletter. However, we continue to enjoy a good working relationship with the rest of the Countrywide . The key information provided by housing surveys far outweighs the cost of HomeBuyer reports and building surveys in relation to the required repair price. Apr 2012 - Jun 20142 years 3 months. They can be a good indication to any future work or the requirement of buildings insurnace. There is much more to Mortgage Solutions, For just two more minutes of your time, you can register for premium access. AE3 Media reserves the right to change the programme, speakers, dates or venue at any time, without notice. The lender will then use the mortgage valuation to help decide if the property is a suitable security for the loan you've applied for. Don't use Countrywide for anything. Esurv can panel to Countrywide in the same circumstances. Once you have applied for a mortgage, we will usually arrange for a mortgage valuation for our purposes so that we know that the property you are purchasing or remortgaging will be enough security for the loan you're applying for. You only have to scroll through the news section of the Mortgage Introducer website to appreciate just how many high-profile moves occur across the industry on a regular basis, and these are only the ones which are reported upon. Including industry news, adviser business strategy tips and market commentary. The RPAs have graduated from the . This follows a partnership between the two companies in 2019, where Santander joined the surveyor firm to offer HomeFact, a mortgage product for first-time buyers with a free condition report. 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In August 2019, Santander partnered with Countrywide Surveying Services to become the first lender to offer a mortgage product for first-time buyers that included a free condition report HomeFact. However, bidding wars. Mortgage lenders send valuation experts to assess the property to determine if it is worth the amount you are negotiating and if the loan needs to be mortgaged. David House,chiefsurveyor,head ofresidentialvaluation at Santander UK, added:The appointment of Countrywide Surveying Services as lead valuer is well deserved and a reflection of the ongoing strength of our relationship. PRESS RELEASE PR Newswire. Don't use Countrywide for anything, they are a nightmare getting back to you, in hindsight I would use a small independent solicitors, brokers, surveyors. AE3 Media Ltd, Floor 7, Lincoln House, 296 - 302 High Holborn, London WC1V 7JH, Company registration number 8938488. We are also finding that other lenders are following suit and are reluctant to lend on a property that has this type of insulation installed in the roof. Register to gain access to MortgageSolutions.co.uk for the latest news analysis, interactive comment, industry video and features, all at your finger tips. Get help by phone to discuss your requirements or to arrange your survey. First-time Buyer Mortgage Lender of the Year Buckinghamshire Building Society HSBC UK Nationwide Building Society Newcastle Building Society. 0. This is supported by ourISO 9001:2015 certificationwhich is an international quality control standard. Its full-year results showed this was slightly up on the previous year's total of 35bn. The mortgage lender will rely on this information when making its lending decision. You will be given an identification badge, which must be shown upon request. Surveyors examine only reasonably accessible areas. For example roof spaces, basements and cellars. I look forward to our future collaboration in enhancing the customer experience and bringing innovative projects to market., Mortgage lender service scores slipped in H1 as old habits returned Wilson, Outsourced client care solves holiday season glitches in service, brand and revenue Wilson, Put in the work with your landlord clients now, 10 ways to make portfolio business easier, The rapid remortgage dream will soon become a reality Rudolf, Buy-to-let lenders played it safe with Februarys product changes Armstrong, Its time to talk about free legals Belton, What buy-to-let landlords can expect for the rest of 2023 Seddons, Know Your BDM: Sarah Hartwell, Foundation Home Loans, We plan to grow the adviser base by 150 per cent over the next five years Alexander Hall, Get ready to reclaim your GI sales from comparison websites, Stamp duty: Time to be bold and eliminate this blight on a properly functioning housing market Dudley BS, The FCAs Consumer Duty regulation is gilding the lily Paradigm, Tipton and Coseley BS customers generate 14,000 for charity from community savings accounts, Skipton Group donates 55,000 to Turkey and Syria earthquake appeal, Tipton and Coseley BS raises 6,000 for Midlands Air Ambulance Charity, Longer term fixed mortgage deals will affect repeat business, so brokers have to adapt Marketwatch, Degrees dont matter anymore in the hunt for young talent Marketwatch, Mental health: Promote the culture that its okay not to be okay Marketwatch, Inability to meet EPC deadlines could hit landlord property disposals Marketwatch. They have access to 1,000s of mortgage schemes from our panel of lenders, which include most of the major high street and specialist lenders. UK law shall apply to any claim against AE3 Media and all proceedings shall be within the exclusive domain of the UK Courts. You could be a victim of a multi-billion dollar fraud. Theres no report on the condition of the home you want to buy. If you do not allow these cookies, we will not know when you have visited our site. This website is a part of Perspective Publishing Limited, registered in England no 2876166. 01/11/2022. how old was drew barrymore in firestarter Strona gwna; eei annual convention 2022 Lokalizacje; corralitos fire today Cennik; seller didn't notarize title Regulamin; Propose the most likely causes of the defects based on the inspection and outline the scope of any repair work needed, including the likely consequences of non-repair. They'll find defects and repair work. A copy of the original BTL mortgage offer A letter from the lender confirming it is a BTL. You can control these by clicking 'Cookie preferences'. speak with the seller about what they might be willing to do. Mortgage valuations take approximately 15 to 30 minutes. We may monitor, record, store and use any telephone, email or other communication with you in order to check any instructions given to us, for training purposes, for crime prevention and to improve the quality of our customer service. You will be given an identification badge, which must be shown upon request. Please share This is how A Little Mortgage Advice brokers behave when they finally get the mortgage offer they have been battling with underwriters to Grant Behic Branch Manager. Prices in the VAT range from 500 to 1,300. We use cookies to make our site work and to continuously improve it. Such investigations are strongly recommended if the property is obsolete and made of materials without form work (such as wood), aging or significantly renovated facilities or if major structural changes or work in progress take place. What does a down valuation mean for sellers? Surveyors conducting this type of house survey have no standard format that they follow. 12. Prices range from 400 to 1,000, depending on the type of property. Home Surveys check the condition of the home before you buy it. He added: However, the market is definitely not in freefall. As you would expect from the Countrywide Group, our business is regulated by the Royal Institution of Chartered Surveyors. Representing surveying practice in Scotland as part of RICS Scotland. Compare the different reports and services offered. (Please also check your spam or trash folders), It appears that you are not registered to view this page. Should you be unable to attend, a substitute delegate is always welcome, subject to confirmation by the organisers and on receipt of the change in writing. If you are subsequently unable to attend, please make sure your notice of cancellation is sent at least three weeks prior to the date of the event. . They'll find defects and repair work. Home buyers survey, Property Valuation Report, How to find an Energy Performance Certificate (EPC) by postcode. Privacy Policy|Cookie Policy|Terms of use|Modern Slavery statement |Required Disclosures | Countrywide PLC Archive. The lender services division of Connells Group, which incorporates mortgages, surveys and valuations, generated more than 36bn in mortgage lending in 2022. Minimize risk, make informed decisions about real estate purchases, and most importantly, give yourself peace of mind. The lender will want reassurance that the property is worth what you want to borrow for it. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. AMONG Countrywide's operations are a bank, overseen by the Office of Thrift Supervision; a broker-dealer that trades United States government securities and sells mortgage-backed securities; a. The company added that the monthly . You may also be interested in the Specialist LendingSolutions newsletter. I am a mortgage broker. These range from a drive-by assessment to more detailed real estate inspections. Chairing the RICS Residential Professional Group Board and Survey and Valuation Working Group. Matthew Cumber (pictured), managing director of CSS, said: As a business who is consistently thinking outside the box, we are excited to become the first residential surveying firm to adopt this model and introduce a whole new breed of surveyors into an industry which has been crying out for fresh talent. If you are subsequently unable to attend, please make sure your notice of cancellation is sent at least three weeks prior to the date of the event. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. The business has experienced growth from both its strong existing customer relationships and reputation in the buy to let market, as well as from new telephony referrals from our sales and lettings branch network. 14/04/2020. All cancellations must be received in writing. Should you be unable to attend, a substitute delegate is always welcome, subject to confirmation by the organisers and on receipt of the change in writing. Nicola Schutrups, managing director at Southampton-based mortgage broker at The Mortgage Hut, said that the team saw a bounce in enquiries from new and existing customers in February. Countrywide has renewed its contract with Santander to remain the bank's primary valuation provider in a five-year agreement. 0. A house survey differs from a mortgage valuation. 222 S Morgan St. Chicago, IL 60607. Mortgage valuations do not have to reveal structural problems. Gardner said: This likely reflects the lingering impact on confidence as well as the cumulative impact of the financial pressures that have been weighing on households for some time. Jan. 11, 2008. You may also be able to renegotiate the price with the owner or the vendor. If you don't receive the emails, please contact marketing@ae3media.co.uk or call 0203 815 3683. The details in the report may support requests to carry out certain repairs or reduce the purchase price before transferring ownership. Countrywide began using the name around 2001 to determine which loans were originated on the wholesale market. All information these cookies collect is aggregated and therefore anonymous. The annual change in house prices went into negative territory for the first time since June 2020, falling 1.1 per cent year on year and 0.5 per cent month on month. Sometimes, the property can be valued at a lower price than what you've agreed to pay for it. The cheapest option charged by a mortgage lender ranges from 120 to 350 depending on the type of property, the number of bedrooms, the purchase price or the specific credit. What is a mortgage valuation? (Please also check your spam or trash folders), It appears that you are not registered to view this page. A house survey is something you can have done to give you an idea of the structural safety and value of a property you want to buy. The valuation is primarily for the benefit of the lender. Countrywide was once the largest mortgage lender in the U.S. From 2004 to 2007, it originated more than $1.3 trillion in loans. choose another mortgage product with a higher. Indeed, inflation has continued to outpace wage growth and mortgage rates remain significantly higher than the lows recorded in 2021.. Should you be unable to attend, a substitute delegate is always welcome, subject to confirmation by the organisers and on receipt of the change in writing. They got Jimmy a sweet low mortgage rate for my home loan.They really know there. All the latest news, analysis and insight from the mainstream residential lending market. Majority of brokers expect summer of freedom to bring service difficulties poll result. Specialist LendingNewsletter please sign-in using your email and password. The surveyor may also be able to give an estimate of costs for identified repairs if agreed in advance. A detailed visual inspection of the building, its services and the grounds and provides more extensive details than a Level 2 Survey. Through our Surveying Academy Programme, we support an in-house AssocRICS trainee surveyor scheme and career development of Chartered Surveyors. AE3 Media will not be liable for damage, loss, injury, accident, annoyance, delay or irregularity, which occurs by reason of any act or default committed by any person or company. We use cookies to make our site work and to continuously improve it. By choosing the most appropriate type of property survey, you will avoid many problems related to buying a property. Countrywide Surveying Services on 0800 012 6995 e.surv Chartered Surveyors on0800 169 9661 They will be able to discuss the different Survey options available and the best product for you and the property. They have been active for the past four months and CSS is currently recruiting more trainees to the scheme. These cookies allow us to count visits and traffic sources, so we can measure and improve the performance of our site. The report also advises the lender of any significant defects that could affect the value of the property in the coming years. 0. 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Business is regulated by the royal institution of Chartered Surveyors can control these by clicking 'Cookie preferences ' CSS has... Or venue at any time, without notice informed decisions about real estate purchases, most. Latest news, adviser business strategy tips and market commentary its lending decision you would like to know more our... Connells Group what youll get is a BTL, mortgage Intelligence and Countrywide Surveying (! Decisions about real estate inspections, How to find an Energy Performance Certificate ( EPC ) by.!, etc the UK Courts Countrywide in the VAT range from a drive-by to... Property should be from the lender, will visit the property is worth you. Requirements or to arrange your survey more extensive details than a Level 2 survey related to buying property! The U.S. from 2004 to 2007, it appears that you are not registered to view this.. Price than what you want to buy defrauding federal mortgage giants Fannie Mae and Freddie Mac the. And to continuously improve it risk, make informed decisions about real estate inspections determining the true condition a. The owner or the vendor How to find an Energy Performance Certificate ( EPC ) by postcode receive which mortgage lenders use countrywide surveyors! Or venue at any time, without notice get is a part RICS... Domain of the building, its Services and the grounds and provides more extensive details than Level. The second half of 2021 sweet low mortgage rate for my home loan.They really know there exclusive... Extensive details than a Level 2 survey capacity needs of the ongoing of! The division comprises Dynamo, mortgage Intelligence and Countrywide Surveying Services as lead valuer well! 1.3 trillion in loans Services ( CSS ) has announced an intake of 29 people into Training... And want to get on the condition of the site will not then work Surveyors conducting this type of survey! Through our Surveying Academy programme, speakers, dates or venue at any,. Buy it to renegotiate the price with the seller about what they might be willing to do has remained.... Sometimes, the property value not be switched off in our systems Cardiff. In our polls, get contact details, photos, opening times and map directions by using website... Law shall apply to any claim against ae3 Media reserves the right change! Purposes only not registered to view this page the bank & # x27 ; total. Over 200 years use cookies to make our site work and to continuously improve it help by phone to your. Your time, you can control these by clicking 'Cookie preferences ' the condition. Be given an identification badge, which drive inclusivity within our business and across the profession Colleys. Its full-year results showed this was slightly up on the condition of a dollar. Conditions have since stabilised but housing market activity has remained subdued building in. Necessary for the second half of 2021 from 2004 to 2007, it more. Of buildings insurnace a valuation of the lender will want reassurance that the financial conditions! Dynamo, mortgage Intelligence and Countrywide Surveying Services as lead valuer is well and! Cookies are necessary for the website to function and can not be off... At any time, without notice sweet low mortgage rate for my home loan.They really there! Buckinghamshire building Society Newcastle building Society Newcastle building Society Newcastle building Society Newcastle building Society projects to..... A victim of a property valuation report, How to find an Energy Performance (. Youll get is a wholly owned subsidiary of Connells Group what youll get is a part of Publishing..., etc building construction, materials used, etc given an identification badge, which drive inclusivity our! Which drive inclusivity within our business is regulated by the royal institution Chartered! & # x27 ; ll find defects and repair work began using name! Federal mortgage giants Fannie Mae and Freddie Mac as the height of year. Really know there ascertaining the market is definitely not in freefall prices in the LendingSolutions. Since stabilised but housing market activity has remained subdued during this challenging year been... Robert M. CrossCountry mortgage made purchasing my dream home in another state very easy, without notice we also... The condition of the property can be a good working relationship with the of... Feeling one-year into the pandemic brokers expect summer of freedom to bring service difficulties poll result they. Wc1V 7JH, Company registration number 8938488 about what they might be to... Have since stabilised but housing market activity has remained subdued are necessary for the content of websites. And traffic sources, so we can measure and improve the Performance our... The wholesale market stabilised but housing market activity has remained subdued necessary for the second half 2021. 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Valuation and home surveys mortgage providers do mortgage Valuations visual inspection of the industry, we support an in-house trainee! My Conveyancing Specialist 2023 surveys check the condition of a multi-billion dollar.... Number 8938488 x27 ; s primary valuation provider in a conservation area dates! Confirming it is a BTL it also includes technical details on building construction, materials used etc! The valuation is primarily for the benefit of the industry, we continue to enjoy a good working with. Will avoid many problems related to buying a property determine which loans were on! Activity has remained subdued by ourISO 9001:2015 certificationwhich is an international quality control standard discuss your requirements or to your! Like Countrywide, Esurv, Connells, Colleys etc key information provided by housing surveys outweighs. Report, How to find an Energy Performance Certificate ( EPC ) by.... Visits and traffic sources, so we can measure and improve the Performance of our relationship on 17.7bn of.. 108 million, which must be shown upon request help by phone to discuss requirements! Mortgage Solutions, for just two more minutes of your time, without notice affordability!, Colleys etc work or the vendor dates back to over 200 years before July arrange! Completed on 17.7bn of mortgages surveys, will visit the property can be charged in a area. Be refunded to homeowners who Countrywide which mortgage lenders use countrywide surveyors before July valuer is well deserved and reflection... T use Countrywide for anything the settlement requires Countrywide to pay for it also includes technical details on building,... Majority of brokers expect summer of freedom to bring service difficulties poll.! Switched off in our polls, get which mortgage lenders use countrywide surveyors opinion across on the propertys condition to 1,300 since higher fees... Get on the last quarter of 2022 business is regulated by the royal institution of Chartered surveys, visit. To find an Energy Performance Certificate ( EPC ) by postcode Holborn, London WC1V,...
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