Bedsit mortgage evaluation

[avanalarf]

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.

[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]

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]

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.

[bednobs]

i hope they are not expecting to come into your room