The following is the relevant extract from the Council of Mortgage Lenders Statement of Practice on HANDLING OF ARREARS AND POSSESSIONS (January 1997):(posted 8540 days ago)"Valuation
(b) A valuation of the property is obtained from either one or two qualified surveyors and another from the appointed estate agent."
Their web site is at:
www.cml.org.uk
and the statement of practice is at:
www.cml.org.uk/faqs/stmta&p.htm
As far as I am aware all lenders that are member of the CML are required to comply with this requirement.
Regards,