Paragon bank

Paragon to resume physical valuations with in-house surveying team

Paragon Bank has announced that its in-house team of surveyors will resume physical property valuations from today (20th May).

The lender will be implementing safety measures to minimise risks posed by the coronavirus.

These will include undertaking pre-valuation safety assessments, with surveyors maintaining a distance of at least two metres from those inside properties.

Protective equipment will also be available to surveyors, such as face masks, gloves and shoe covers.

The specialist BTL lender has begun contacting landlords, brokers and managing agents to make sure that they are aware and comfortable with the enhanced inspection process.

Paragon will initially be rescheduling visits that were arranged before lockdown restrictions were put in place and backlog cases.

Richard Rowntree, managing director of mortgages at Paragon, said: “Paragon acted swiftly and efficiently to lockdown, adapting to restrictions by implementing revised processes such as desktop valuations.
“However, we are really pleased to resume physical property valuations where it is safe for us to do so.

“We benefit from our own team of experienced surveyors so are well positioned to resume our operations to pre-lockdown levels quickly. 

“This means we’ll have a key role in jump-starting the property market and wider economy following the lifting of restrictions by the government.” 

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