Residential property valuation provider, e.surv, is now using the accumulated data and insight of its new build database to identify sites which are suitable for remote valuations.

The ‘remote valuation for new build’ product uses a data-led methodology to increase speed, taking an average of four days less than a physical valuation, and adding cost benefits while reducing carbon emissions from fewer site visits.

Mark Goodfellow, product lead at e.surv, said: “On receipt of first valuation instruction to a new development, our surveyor will visit the site, collect information and assess its suitability for remote valuation. Once peer reviewed by our specialist new build team, an automated data driven triage process is deployed for subsequent inspections.

“We tailor the service to every lender’s individual risk appetite. We digitally collect information such as the UK Finance Disclosure Form, site, and floor plans from developers. A local surveyor will carry out the remote valuation on receipt of the requested documents. The output is then automatically formatted into the lender’s mortgage valuation report.”