Property market to restart as valuations get green light

Wednesday, 13th May, 2020
guildford mortgage broker

Physical property valuations are set to resume following the UK government’s decision to begin easing off lockdown conditions and boost economic activity.

The decision, which will see home visits permitted where digital solutions cannot be found – and within the parameters of social distancing guidelines – signals the reawakening of the property market.

The move comes as a number of prominent UK lenders announce that they will resume lending activity across residential and buy-to-let products.

Mark Finnegan, Director at Complete Mortgages, comments: “UK businesses have handled lockdown exceptionally well and developed a number of innovative strategies to continue life as routinely as is possible given the circumstances. However, COVID-19 looks set to have a long-term impact and on that basis, it’s important that we look to find ways in which we can protect the property market and the UK economy as a whole. Reinstating physical valuations will expedite lending, get the property market moving and lessen the inertia that has started to affect homeowners throughout the UK.”

Complete Mortgages, a Guildford mortgage broker, has launched a series of COVID-19 mortgage initiatives to ensure business continuity when it comes to helping those looking to apply for a mortgage, including offering mortgage advice over video.

“We fully intend to limit face to face contact wherever possible until a clear end is in sight”, concludes Mark. “However, the property market is a key economic driver. If physical property valuations can take place in a way that’s safe for surveyors and homeowners, then it will undoubtedly inject life into the sector and ultimately give the local and national economies a much-needed boost.”

Virtual mortgage broker appointments can be arranged with Complete Mortgages by calling 01483 238280 or emailing info@complete-mortgages.co.uk.