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What is involved in a property valuation (of a leased flat in the UK)?
We just received a letter from our rental company that our flat (and all the others in our building - about 10) will be having a property valuation tomorrow between a two-hour window. What does this process involve? How long will they be here and what will they do? We are pretty annoyed about it, even though we will both be home tomorrow. The times are very inconvenient (we're both on a night schedule and would usually be asleep when they're scheduled to come, but we aren't able to reschedule). Shouldn't they do this type of thing BEFORE renters are present? Is this normal?

Posted by Magpie on 09/16/08
Total Answers: 1

Answers-

It is definitely normal. The owners of the building may be involved in refinancing or it may be a normal inspection by their bank. My guess is you will have someone come in, look at your apartment briefly and perhaps take some measurements or photos. It will probably take 5-10 minutes. I surely don't think a landlord should be allowed only mortgage a vacant building, so no, I don't think it's reasonable to only expect this to happen before there are tenants.

Answer posted by ananamas on 2008-09-16 17:08:10

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