The Sunday Times - Some mortgage lenders cap loans for £500k homes
Banks have had to cap the value of properties they can offer mortgages on because surveyors cannot visit homes during the lockdown.
Aaron Strutt from the mortgage broker Trinity Financial said: “If you are lending millions of pounds to someone in this economic situation, using an automated valuation with a computer program and a bit of Google Street View is considered too legally risky for the more expensive properties.”
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
As seen in
