Bedsit mortgage evaluation

avanalarf | 15:09 Wed 12th Oct 2011 | Property

7 Answers

I live in a bedsit, there are 10 such rooms in the building. Today I received a letter from the property management company informing me that tomorrow a valuation will be conducted for mortgage purposes. Judging by the envelopes, all residents got the same letter.

Does this suggest that the property is being put up for sale or is in the process of being sold? What other reasons are there for such an evaluation being made?

Thanks in advance.

Economy 7

selling your house to your tenant .............

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sandyRoe

The owner of the property might want to remortgage it.

ummmm

Selling....or as Sandy says.

The Builder

Could even be for insurance.

avanalarf

Question Author

Thank you for the replies.

I do hope it is for remortgage or insurance purposes because the thought of moving fills me with dread. I am a natural pessimist.

snags

Is there a contact number/email address on the letter... ask them.

avanalarf

Question Author

There is a phone number but they have never been the most communicative of companies so there is very little chance that they would go into any further detail.

There's also a personal reason why I don't want today to be the day for confirmation of bad news.