We’ve returned to physical valuations
We’re pleased to confirm that our valuation partner, Gateway Surveyors, is now able to carry out physical valuations on properties in line with health and safety guidelines from the Government and professional industry bodies. As a result, we’ve increased the LTVs on both our Residential and Expat Residential ranges to 75% LTV.
We’ve also made changes to the LTVs on our Expat Buy to Let range, where purchase and remortgage have returned to 60% LTV for repayment and 50% LTV for interest only.
If your case is in pipeline and could not previously progress using a desktop appraisal, we’ll contact you to see if the case is still proceeding.
If it is, we’ll collect the booking fee from the borrower(s) if we’ve not already received it and place the valuation instruction.