An appraiser from the lender will probably inspect it. This has nothing to do with you. The lender wants to know that the property is worth the value being claimed by the owner. The interior inspection will involve looking at the important components, the heating/cooling, electrical and plumbing systems and fixtures and appliances. They may peek into closets but they won't be looking in drawers and cabinets except those cabinets that are built-in, and that's only to check how well they function.
Anyone the landlord authorizes can come to inspect. In some states, a certain notice must be given to tenants for a non-emergency visit.
My experience is that they always inspect, but if the equity in the property is far in excess of the value of the loan, the inspector might just pull up on the curb, note that the house is there and not a big sinkhole, then consider the inspection done.
If the landlord remortgages their property the lender is very likely to want to assess the house to see if it is worth the money they are lending, so yes they will give you notice enable this person to do that
Yes but don't they normally have it in tenancies that the landlord or anyone he sends can come with reasonable notice and in day hours? Mine says that.
Answers & Comments
There isn't always an inspection, no. In most cases refinancing a mortgage is done at the bank and there is no inspection.
Remortgage - Do you mean obtains a mortgage on the house - takes out some equity? There's no such thing as remortgage.
Possibly, depends on if they do it with their current lender.
An appraiser from the lender will probably inspect it. This has nothing to do with you. The lender wants to know that the property is worth the value being claimed by the owner. The interior inspection will involve looking at the important components, the heating/cooling, electrical and plumbing systems and fixtures and appliances. They may peek into closets but they won't be looking in drawers and cabinets except those cabinets that are built-in, and that's only to check how well they function.
Anyone the landlord authorizes can come to inspect. In some states, a certain notice must be given to tenants for a non-emergency visit.
My experience is that they always inspect, but if the equity in the property is far in excess of the value of the loan, the inspector might just pull up on the curb, note that the house is there and not a big sinkhole, then consider the inspection done.
Some do a 'drive by' valuation. Some may wish to visit. You are entitled to 24 hours notice before an agent or the landlord enters the accommodation.
If the landlord remortgages their property the lender is very likely to want to assess the house to see if it is worth the money they are lending, so yes they will give you notice enable this person to do that
Yes but don't they normally have it in tenancies that the landlord or anyone he sends can come with reasonable notice and in day hours? Mine says that.
Not to inspect it but an appraiser comes by to check it out and do the appraisal.
yes