More2life is the latest lender to renew physical valuations as part of its lending process.

It says that it will operating a ‘dual track’ system alongside e.surv, which will see it combine both physical and remote valuations, with the former used only where necessary.

The later life lender adds that it recently conducted a survey with advisers, which showed that 45 per cent of respondents wanted to know more about remote valuations through a question and answer workshop.

At the start of this month, More2life announced that it was guaranteeing rates for six months from the data of application to make sure borrowers whose homes do not qualify for a semi-automated valuation are not disadvantaged should rates rise.

More2life chief executive officer Dave Harris comments: “With the later life lending market facing significant challenges, More2life is working hard to be as flexible as possible with regards to valuations – an area that we know from our own research is a real cause for concern for advisers.”