And amongst those having to urgently re-think work practices are surveyors. By definition carrying out on-site property valuations is not work you can do from home. And most lenders have now called a halt to them.
How can you get a mortgage, a remortgage or a bridging loan approval without the bank, building society or private lender being able to carry out a home inspection?
The solution: the ability that we’ve always had to use online “automated” valuations. Known within the industry as AVMs (Automated Valuation Model), they’re available for properties that meet particular criteria.
Bridging loan calculator