The Mortgage Lender resumes physical valuations in Scotland and Wales

From today, Monday 29 June, The Mortgage Lender is able to offer physical valuations on buy to let applications for properties in Scotland and Wales after COVID-19 restrictions were relaxed by the devolved Governments.

The physical valuations are available for individuals or Ltd Companies looking to purchase or remortgage single dwellings (including New Build), HMO’s and MUBs across its buy to let product range.

Rates start at 3.13% for a two-year fixed at 70 per cent loan to value with products available up to 75 per cent loan to value for purchase and remortgage.

The move follows the reintroduction of physical valuations in England last month.

The Mortgage Lender sales director Steve Griffiths said:

“There is significant pent up demand from landlords whose plans were put on hold when we went into lockdown.

“This latest easing of restrictions means landlords are now able to execute their plans across the UK and coincide with increased availability of competitive products, like our own, that are designed to support a returning confidence to the housing market and give brokers and their customers greater choice.”

Brightstar group chief executive Rob Jupp said:

“It has been encouraging to see companies like The Mortgage Lender embrace desktop valuations to help landlords with Scottish and Welsh properties during lockdown. The return to physical surveys means more complex circumstances such as HM0, MUB and new build, all of which we are seeing high demand for, can now progress.”

Kindly shared by The Mortgage Lender