Castle Trust Bank has introduced automated valuation models on eligible buy-to-let cases as part of a move to speed up applications.

The lender said AVMs will be available on standard residential properties, including houses and single flats, with a property value of up to £750,000 and a maximum loan-to-value of 65%.

The change removes the need for a physical valuation on qualifying applications, with Castle Trust Bank saying the process is intended to reduce delays, streamline the customer journey and support quicker decision-making for landlords and property investors.

The move forms part of the bank’s wider investment in service and technology, following recent improvements to its lending proposition, including the launch of a new website, upgrades to its PULSE application platform and a continued focus on faster lending.

Anna Lewis (pictured), commercial director at Castle Trust Bank, said: “Brokers need lenders that help them turn opportunities into positive outcomes for their clients and the introduction of AVMs on eligible Buy to Let cases is another practical enhancement that enables us to do exactly that.

“By reducing reliance on physical valuations where appropriate, we’re able to deliver a quicker, more efficient application journey, helping landlords and property investors access funding faster and with greater certainty.

“It’s part of our ongoing commitment to removing friction from the lending process and providing brokers with the tools, service and solutions they need to support their clients’ goals.”