BUSINESS AS USUAL: PROPERTY FINANCE THAT CAN PROCEED WITHOUT SITE VISIT VALUATIONS
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.
Sam O'Neill
Bridging loan calculator
Your Borrowing
Loan Required
Property value to be used as security*
Do you have any current charges on the property(s)?*
*Such as an outstanding mortgage or current bridging loanOutstanding charges /mortgages amount
Last Step - Get a bespoke quote
Your Borrowing
Loan Required
Property(s) Value*
Do you have any current charges on the property(s)?*
*Such as an outstanding mortgage or current bridging loanOutstanding charges /mortgages amount
Your Loan Quote
Loan Required
£50,000
12 MonthsMonthly Interest Rate
£40,000
£40,000
£40,000
Loan Term
12 Month(s)
Your LTV
72%
Your Loan Costs
Valuation fee:
£690
Solicitor fee:
£1,440
Lender facility fee @ 2%:
£1,029.42
Admin fees:
£155
Our Arrangement Fee:
£495
Total Loan Cost:
Yes
Yes