E.surv chartered surveyors have been appointed by Castle Trust as the specialist lender’s primary valuations supplier.
The firm will be the primary valuer for Castle Trust’s Partnership Mortgage, which grants the borrower 20% of the value of their home in addition to their existing mortgage from another lender.
“With the economy stuck in the mud, and funding lines restricted, the mortgage market has been crying out for a lender to come up with innovative ways to improve mortgage availability,” said Richard Sexton, director of business development at e.surv.
“Castle Trust’s Partnership Mortgage does exactly that. It is outside-the-box thinking which will help more people access the finance they need.”
E.surv has been offering Castle Trust advice on how valuations are reported, as well as improving the guidance the lender offers to the valuer in the field.
James Neave, head of lending at Castle Trust, added: “E.surv’s guidance has been invaluable in helping us refine and perfect our valuations procedures ahead of our launch onto the market. Their advice on best-practice will help us meet our TCF obligations more effectively and improve the operational efficiency of our mortgage valuations.”
