Paragon resumes physical valuations - Mortgage Strategy

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Paragon Bank is the latest lender to restart physical valuations.

It joins OneSavings Bank and More2life in announcing the opening up of its services today.

The specialist lender says that it will first concentrate on rescheduling physical visits that were cancelled due to the lockdown restrictions.

It adds that it will be providing PPE to surveyors in line with government guidelines. For example, an assessment of who needs to be present at the valuation will be carried out, surface areas will be sanitised and discussion will be held outside.

Paragon manging director of mortgages Richard Rowntree says: “Paragon acted swiftly and efficiently to lockdown, adapting to restrictions by implementing revised processes such as desktop valuations. However, we’re really pleased to resume physical property valuations where it is safe for us to do so.

“We benefit from our own team of experienced surveyors so are well-positioned to resume our operations to pre-lockdown levels quickly. This means we’ll have a key role in jump-starting the property market and wider economy following the lifting of restrictions by the government.”


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