Shawbrook has expanded the use of Automated Valuation Models (AVMs) across its bridging range, allowing more cases to qualify for faster completions and reduced administration.

The lender will now accept AVMs up to 75% loan-to-value, including for light refurbishment projects – a move aimed at cutting turnaround times and simplifying the process for brokers and borrowers.

The new criteria apply to a wide range of residential properties, including individual houses, standard flats and small HMOs valued on a bricks-and-mortar basis. Properties in London and the South East will be eligible for AVMs on values up to £2 million, while the threshold for the rest of the UK is £1 million.

As part of the update, Shawbrook has also removed the requirement for photo evidence of a property’s condition. In cases where the AVM does not reach the usual confidence threshold but the valuation exceeds the purchase price, the lender will allow the AVM to be used, basing the loan on 75% of the purchase price.

Daryl Norkett, director of real estate proposition at Shawbrook, said: “This update is another step in leveraging our ‘best of both’ proposition by using technology to speed up bridging loans and reduce costs for customers.

“By expanding our AVM parameters and removing unnecessary hurdles, we’re making it easier to get deals over the line quickly, especially where purchase timelines are tight and customers want certainty of their property’s valuation on day one.

“It’s a clear reflection of how we’re using technology to streamline the lending journey that keeps intermediaries at the centre. Together we can now offer faster initial decisions with fewer conditions – a real win for everyone involved in the process.”