Paragon Bank has announced that its in-house team of surveyors will resume physical property valuations from 20 May.
Placing the safety of its employees, customers and property occupants as its top priority, the company is implementing a range of measures that will minimise any risks posed by coronavirus during property inspections.
This will include undertaking full pre-valuation safety assessments, with surveyors also maintaining a distance of at least two metres from those inside properties. In addition, protective equipment, such as face masks, gloves and shoe covers, will be available to surveyors.
The specialist buy-to-let lender has begun contacting landlords, brokers and managing agents to ensure they are aware and comfortable with the enhanced inspection processes. Paragon will initially focus on rescheduling visits that were arranged before Government restrictions were put in place and backlog cases.
Richard Rowntree, pictured, Paragon Managing Director of Mortgages said:
“Paragon acted swiftly and efficiently to lockdown, adapting to restrictions by implementing revised processes such as desktop valuations. However, we’re 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.”