Valuations and lending criteria during the coronavirus pandemic
We're pleased to recommence physical inspections in all regions of the UK from 29 June. Please see our Acceptable Properties Guide for Full Valuations.
Where a physical property inspection isn't possible, we can continue to help meet customers' needs using an alternative method. Cases can be referred for individual consideration to confirm suitability for remote desktop valuation, please see our Acceptable Properties Guide for Desktop Valuations. The following criteria will apply to the loan if an application is accepted on desktop valuation:
- For J3, J4 and J5 LTV series, a 5% reduction to the property valuation will apply
- A full physical valuation will be required in the future (at Just expense)
Local Lockdown Restrictions
If the UK Government announces that a location must extend or impose a lockdown, our surveyors will suspend internal physical property inspections in that location with immediate effect, until further notice.
Currently, there are no areas subject to a localised lockdown.
Where a customer has an application on hold with Just due to being outside of our desktop criteria, booking of appointments for a physical inspection recommenced on 18 May for properties in England, 22 June for Northern Ireland and 29 June for Scotland and Wales.
Additional Property Questionnaire
In support of the desktop valuation we'll require the completion of an Additional Property Questionnaire and provision of supporting internal photos as explained in the questionnaire.
Physical Inspections Explained
We understand that some customers may be uncertain about the safety of internal property surveys during the coronavirus pandemic. To help reassure them, please refer to this Helpful Information document and a short video from Countrywide to explain the process.