Hometrack has won a two year contract to supply specialist lender Investec Bank plc with automated valuation tools for audit purposes on its Professional Mortgages proposition.

David Catt, chief operating officer at Hometrack, said he was “delighted” to be working with Investec.

He said: “Hometrack’s services provide the company with a fast, accurate and cost-effective means of managing residential property valuations.”

Alex Hammond from Investec Specialist Bank added: “We have recently used our nimble and flexible approach to customers and significant experience in risk management to launch a new range of Professional Mortgages.

“We look forward to working with Hometrack as we establish Investec Professional Mortgages in the market and grow the proposition in the future.”