MT Finance has announced its introduction of automated valuation models (AVMs) to its bridging finance range.
The specialist finance lender has collaborated with Hometrack to incorporate the use of AVMs into its standard residential bridging products.
AVMs are available for qualifying regulated and unregulated bridging finance applications, up to a maximum LTV of 60%, and a maximum property value of £750,000.
Joshua Elash (pictured), director at MT Finance, said: “Offering AVMs is something we’ve been wanting to do for a long time, and I’m very pleased we’ve made it happen. We knew from discussing the matter with our intermediary partners how important AVMs are as they significantly speed up a transaction and provide ever-crucial certainty to clients.
“We will now be able to move even quicker than ever and continue to deliver the exceptional service that has become our hallmark.”
Paul McGonigle, CEO, Positive Lending, added: “It’s greats news to see that MT Finance has enhanced its criteria with AVMs to support intermediaries. In a time where speed can be the key factor, coupled with the assurance of the lend from the outset, it cements an already fantastic partnership that we share.
“The team are always looking to expand their proposition and service delivery, and this ticks those boxes perfectly.”
