A guide to mortgage valuations during the coronavirus pandemic

Last updated: 25th September 2020

The mortgaged property (which may be your home) may be repossessed if you do not keep up repayments on your mortgage

When you remortgage or sell your property, a mortgage valuation is an important part of the process. So we want to let you know what you can expect from this during the coronavirus pandemic.

What's a mortgage valuation used for?

A mortgage valuation is usually only for our purposes, as we’re the lender. It’s so that we can check the property to make sure it provides appropriate security for the mortgage.

The valuation report provides information about the property and the factors affecting its price. But bear in mind that it doesn’t advise on the condition of the property in any detail, so it’s not a substitute for a full property survey. If this is what you’re looking for, then you should consider getting a survey done.

Coronavirus: what's changed?

To get the lowdown what’s changed, we spoke to Rebecca Freeman FRICS, Technical Director at Countrywide, the company that carries out our valuations. Here’s what she had to say:


Want to know more? You’ll find plenty of information about valuations and surveys on Countrywide's website.


This article is intended as summary information only. No reliance should be placed on this article.