Aldermore resumes physical valuations for residential only - Mortgage Strategy

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Aldermore says it is resuming physical valuations for residential purchases and remortgages in England.

The lender plans to bring back physical valuations on buy-to-lets soon, but warns that houses in multiple occupation and larger rental properties cannot be safely valued until social distancing restrictions are eased.

The lender says remote valuations will continue to take place wherever possible on properties in Scotland and Wales until lockdown measures on viewings are lifted.

Aldermore head of mortgage distribution Jon Cooper says: “We are keen to help the many customers in the UK looking to get going on their home buying and selling plans, but we must be cautious and responsible in how we open up. 

“The new government guidance is encouraging in allowing the housing market to get moving again, and ensuring safety is a priority will help build confidence in the long term.

“The protection of our customers and surveyors is our primary consideration so we are committed to adhering to meticulous social distancing procedures.

“We are working towards physical valuations for buy to let properties and will have an update on this shortly.”


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