Hope Capital has teamed up with DeskVal to offer a new, “instant” automated system which accepts up to 75% LTV on property valuations up to £750,000.
Having previously offered AVMs up to 70% LTV, DeskVal provides access to even quicker turnarounds and cost saving options across all property types.
ADDITION
The instant valuation method compliments its existing offering including desktop valuations which are delivered within 48 hours with up to 75% LTV available on property values up to £1m and up to 65% LTV on property values up to £2m.
The specialist short-term lender also provides full valuations, which are typically delivered within five to seven days for cases which require further investigation and fall outside of its AVM and desktop criteria.
“this will be a game changer in the market, enabling us to deliver very fast timescales for even more projects with up to 75% LTV now being available”
Laura Carr (main picture, centre), head of underwriting at Hope Capital, said: “It is fantastic to join forces with DeskVal and significantly increase our valuation offering to benefit our borrowers.
“Thanks to DeskVal’s pioneering technology, this will be a game changer in the market, enabling us to deliver very fast timescales for even more projects with up to 75% LTV now being available.
“A fantastic additional benefit is DeskVal is also done at no cost to the borrower.”
SERIES OF ENHANCEMENTS
Earlier in the year Hope Capital made improvements to its dual representation offering, which is now available across residential, semi-commercial and commercial property.
In addition, the new valuation offering, which supplies an automated GDV based on the condition of the property and the scale of works, provides borrowers with even greater confidence in their loan completion, with the valuation being made available from day one.
“When it comes to lending, speed and accuracy are crucial. Our data-driven AVM delivers on both”
Sabina Thorpe (main picture, left), chief marketing officer and co-owner of DeskVal, added: “It’s brilliant to partner with Hope Capital to launch and benefit from our PI-backed instant valuation product.
“When it comes to lending, speed and accuracy are crucial. Our data-driven AVM delivers on both.
“DeskVal also saves time and money by bringing all relevant comparables together on a single screen, providing instant, accurate valuations with PI for residential, HMO, multi-unit blocks, commercial, and semi-commercial properties”.
