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

CEBR predictions are ‘positive sign’ for property market

Tuesday, 22nd January, 2013

New forecasts that the housing market is edging ever closer to recovery with property prices set to reach levels last seen in 2008 in the next year have been backed by conveyancing specialists at Irwin Mitchell.

The Centre for Economics and Business Research has predicted that average house prices will reach the “significant milestone” of £223,000 by 2014, around 0.7% higher than in 2007 and a figure which would mark the first time prices have surpassed the peak seen prior to the economic downturn.

The CEBR says that the typical home will also be worth £261,000 in five years, which would mark an increase of around a fifth compared to current levels.

Helen Hutchison, a legal expert based in Irwin Mitchell’s Sheffield office, said: “Towards the end of 2012 there were a number of surveys and reports which indicated that the market is slowly improving.

“The likes of the Royal Institute of Chartered Surveyors and respected industry sites such as Rightmove predicted that 2013 would be the year that conditions turn in the general property market, as well as in relation to Buy to Let and high value homes – and this CEBR research is another huge sign that confidence is on the rise.

“It has been several years since the economic downturn kicked in, but the improvements are clearly striking a chord with property owners who are thinking about their options as prices rise.

“This, in conjunction with greater mortgage availability, may help get the market moving once again after several difficult years.”