Precise re-open rates

 Precise re-open rates

“New products and desktop valuations

Following government restrictions introduced to prevent the spread of COVID-19, we’ve been busy working on solutions for you and your customers whilst physical property inspections remain unavailable.

We’ve worked closely with our valuation panel partners and are now able to accept desktop valuations on residential and buy to let first charge mortgages.”

This is a little bit of good news!

Precise re-open for some products, a small but positive step after closing

New products and desktop valuations

Following government restrictions introduced to prevent the spread of COVID-19, we’ve been busy working on solutions for you and your customers whilst physical property inspections remain unavailable.

We’ve worked closely with our valuation panel partners and are now able to accept desktop valuations on residential and buy to let first charge mortgages.

They cannot lend on any of the below without physical valuations

Unless stated otherwise, due to the unavailability of physical valuations, for the time being we’ll be unable to accept

applications for:

New build property or recently converted
(built / converted in last 24 months)
Properties that have never been occupied Properties with more than 4 bedrooms
HMOs (including student lets)
Multi-Unit Freehold Blocks
Holiday Lets
Top slicing
Studio flats
Flats in blocks more than 6 storeys
Flats with suspected cladding or combustible balconies
Bankruptcies, IVAs or DMPs are not accepted Properties with significant land (more than 2 acres)
Listed buildings
Modern Methods of Construction
Short leases (less than 85 years)
Properties adjacent to or above commercial premises
Properties subject to renovation/refurbishment

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