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Paragon to resume physical valuations

Ryan Fowler

May 19, 2020

pre-lockdown physical valuations

Paragon’s in-house surveying team is to resume physical valuations from 20 May.

Paragon also confirmed it will be 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.

Richard Rowntree, 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 jumpstarting the property market and wider economy following the lifting of restrictions by the government.”

Paragon will initially focus on rescheduling visits that were arranged before government restrictions were put in place and backlog cases.


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