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Inspections, for compliance and peace of mind

Inspections can take the form of mandatory or ad hoc, for compliance or peace of mind in a sale, let or repossession of a property. Inspections safeguard financial risk, protect your property investment, and help in maintaining the value of a landlord’s property.

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Property Audit Report

A Property Audit Report, or PAR, is a “mystery shop” report carried out by asset managers on behalf of lenders. They independently assess if a customer has been treated fairly in the sale of a repossessed home. Those involved in the process of property repossessions may need to instruct a report. Most reports are carried out by mortgage lenders and their chain of asset managers.

A HMO is a type of accommodation that allows a landlord to rent the space out per room resulting in more people and rent. HMO inspections are vital in maintaining a property. It is recommended that an HMO inspection (mid-term inspection) is completed 2 to 3 times a year.

HMO Compliance

House in Multiple Occupation (HMO) or ‘house shares’ are commonly found in the UK, with the biggest benefit being the cost saving for the tenants letting and tax relief for owner sharing their home. You can read more about running a HMO Compliant Property here.

Who needs a PAR?

Those involved in the process of property repossessions may need to instruct a report. Most reports are carried out by mortgage lenders and their chain of asset managers. We have an extensive track record in the supply of PARs for several of the leading asset management firms in the UK, such as: Aventria Group, AMG, and Savills. Our independent report can be relied upon and therefore protects lenders in the repossession cycle.

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