Santander has agreed a three year extension to its valuation and risk services partnership with Hometrack, covering collateral risk management solutions including AVM modelling and ongoing portfolio valuations.

The latest licence agreement continues a fruitful 11 year relationship between the two businesses, stretching back to 2007.

Piero Bassu, director of financial services and capital markets at Hometrack, said: “Hometrack and Santander have partnered for more than a decade, and we are delighted to be able to continue this relationship. The foundations for this long-standing partnership have been built on trust, high-quality service and strategic alignment, which have contributed to Santander’s mortgage proposition and wider collateral risk management.”

David House, head of residential valuation at Santander, added: “Hometrack plays a key role in supporting Santander’s continued focus on enhancing the experience we provide to our mortgage customers. Santander is committed to improve consumers’ property journey, including through a speedier and more efficient mortgage application process. Our offering is underpinned by Hometrack’s AVM and collateral risk management solutions.

“We are very happy to be able to continue this relationship and look forward to another three years of working together with Hometrack.”