Physical BTL valuations restart at Aldermore

Aldermore Bank has announced that physical valuations on rental properties for both buy-to-let purchase and remortgages in England will resume following the reintroduction of physical valuations on residential properties last week.

Related topics:  Landlords
Property Reporter
26th May 2020
To Let 556

However, the bank stated that until social distancing restrictions have further eased, larger rental properties such as HMOs will not be suitable for a physical mortgage valuation as yet.

Additionally, remote valuations will continue to take place when possible in Scotland and Wales, and applications in these countries that require a physical property valuation will be put on hold until further notice.

Jon Cooper, head of mortgage distribution at Aldermore, said: “We continue to back our landlord customers through this most testing of times and are committed to providing options and assistance for them. Landlords play a vital role in providing much-needed support to the Private Rented Sector and local economies across the UK, so we are glad we can help them get going on their future portfolio plans.

“Safety, of course, remains our number one priority. The protection of our customers and surveyors is paramount and we will be adhering to the Government guidance to ensure all valuations are carried out in a safe way.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.