T: 01565 654005 NEWSLETTER ENQUIRY FORM

BLOG

Is a valuation needed?

There are some lenders who don’t require valuations and this is a major selling point, however in our experience it is recommended. If you don’t get one, when it comes to sell or remortgage and the valuer identifies a problem that hasn’t been rectified you may not be able to repay your bridging loan on time. It’s far better to know any issues before you do any work as it will be more cost-effective for you.

Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.