Suzuka: Valtteri Bottas jumped from third to first with an electric start to win the Japanese Grand Prix on Sunday ahead of Ferrari’s Sebastian Vettel and the Finn’s Mercedes teammate Lewis Hamilton.Charles Leclerc could only finish sixth in the second Ferrari, meaning Mercedes clinched a record sixth successive constructors’ world championship with their double podium finish. “I’m happy, very happy,” said Bottas. “Starting third isn’t easy. I had a really nice start, managed to get the lead and then the pace was super good, I could really control the race.”Ferrari had enjoyed a front row lock-out in a rare morning qualifying session caused by Typhoon Hagibis but their race unravelled right at the start.Vettel twitched before the lights went out and his hesitation enabled the fast starting Bottas to leapfrog from third into the lead.That winning feeling…#JapaneseGP 🇯🇵 #F1 pic.twitter.com/YA4hVsCjjc— Formula 1 (@F1) October 13, 2019 “It was my mistake” admitted Vettel. “I lost momentum there. Mercedes had more pace than us, was a tough afternoon to maintain second.”Max Verstappen enjoyed a bullet start from fifth in the Red Bull and was overtaking Leclerc on the outside of turn two when the Monegasque drove into the flying Dutchman, causing him to spin.”He just drove into the side of my car,” complained an unhappy Verstappen.Leclerc’s front wing was damaged and with bits flying off in all directions — one demolishing the wing mirror of Hamilton just behind — he was forced to pit for a new nose at the start of lap four. He rejoined in 18th position, fittingly a place behind Verstappen, who appeared to be the helpless victim of their collision.’WHAT DO I HAVE TO DO’Vettel, who escaped sanction for his false start, was left sandwiched between the two Mercedes and made the first strategic move when he dived in the pits for a new set of soft tyres on lap 17.Bottas followed from the lead on the next lap to take a new set of mediums emerging ahead of Vettel, meaning both the Finn and the German would need to stop again before the end of the 53 lap race.Hamilton was now in the lead and Mercedes tried to leave him out on a one-stop strategy. But on lap 22 Hamilton reported his front tyres were “dead” and was brought in for a fresh set of medium tyres, rejoining in third.HAMILTON: “Congratulations to the team. So well deserved to win six years in a row. I just wanted to get the best points for the team today”#JapaneseGP 🇯🇵 #F1 pic.twitter.com/cRo7kD0hMH— Formula 1 (@F1) October 13, 2019 Hamilton began to close on Vettel who pitted for his final change to medium tyres on lap 32, rejoining in third.Bottas took on fresh soft tyres five laps later leaving Hamilton again in the lead. “Tell me what I have to do to win this race,” pleaded Hamilton over team radio, convinced his tyres would not last the distance.He came in again on lap 43, allowing Vettel back into second but with only a slim three-second cushion, which the Englishman proceeded to eat into by setting a new lap record. Hamilton swarmed all over Vettel in the closing laps but was unable to get past and make it a Mercedes one-two.Earlier Vettel had produced a perfect lap in the delayed qualifying session to outqualify his teammate for the first time in 10 races since the Canadian Grand Prix in June. The day had been dubbed “Super Sunday” with qualifying and the race taking place back-to-back because of the track having been safely locked down Saturday as Typhoon Hagibis roared past. Charles Leclercferrariformula oneJapanese Grand Prix First Published: October 13, 2019, 12:49 PM IST Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time.
Mortgage approval delays are the key reason why many estate agents are experiencing difficulties and longer lead times with their sales progression an industry panel has claimed.Made during a webinar attended by estate agents, brokers and conveyancers, the comment came as they explores the issues facing today’s housing market.The panellists claimed that the big lenders are receiving 1,500 mortgage applications a day but can only process 500, and that getting an offer is now taking up to 18 days rather than the usual five to ten days.“Lenders are also doing more manual assessments to counteract the increased risk of lending to people who are self-employed and currently on furlough, so that’s also adding to the delays,” said Greg Cunnington, Director of Lender Relationships and New Homes at Alexander Hall.Sales progressionPart of this problem is that surveyors are also struggling to keep up with demand for mortgage valuations.Joe Arnold of Arnold & Baldwin Chartered Surveyors said: “We’re experiencing capacity issues with managing this new, heavy workload. “We’ve brought everyone back from furlough and it’s still not quite enough, but we’re reluctant to take on new people as we just don’t know what’s around the corner.“Unfortunately, it’s created a backlog of work, as where we only used to require 2-3 days’ notice to go out and do a mortgage valuation or survey, there’s now a three week wait.”The online TM Group organised panel (watch here), which was chaired by Emma Vigus, CEO of Mio, also laid down some rules for agents to enable sales to progress quickly.These included only allowing those with a mortgage decision in principle to do viewings; asking buyers and sellers to have a conveyancer lined up much earlier in the process; and ensuring AML and title checks are completed much earlier in the process.MIO mortgage approvals Sales progression TM Group September 29, 2020Nigel LewisOne commentGraham Davidson, Sequre Sequre 3rd October 2020 at 8:36 amMortgage offers taking 18 days on average rather than 5 to 10 days yet a property transaction takes on average around 12 weeks from offer to exchange. Exactly how is this holding up a transaction?Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Industry panel pins blame on mortgage firms for super-slow sales progression previous nextHousing MarketIndustry panel pins blame on mortgage firms for super-slow sales progressionAn industry webinar, organised by TM Group, reveals how lenders and surveyors are struggling to cope with the huge demand.Nigel Lewis29th September 20201 Comment1,703 Views