Short-term finance provider Aspen Bridging has extended its partnership with VAS Group to incorporate its valuation panel management service, VAS Panel.
The bridging firm utilised VAS Audit on all personal and business loan applications since its inception in 2016.
Asepn, which offers loan to value (LTV) products up to 80% for residential, refurbishment and commercial applications across England and Wales, will utilise VAS Panel to ensure the most relevant third-party valuers are instructed to provide loan security valuations based on location, deal type and value.
In addition, VAS Panel will create a bespoke panel of building and quantity surveyors to run alongside the valuation process, this will assist with the lender’s refurbishment products including multiple draw-down loans providing an initial 75% LTV and then up to 100% works costs in arrears.
Jack Coombs (pictured), director at Aspen Bridging, said: “Our excellent working relationship with VAS continues to ensure that we lend on the right valuations and to appraise reports to guarantee our clients gets a fair deal.
“This structured approach compliments our underwriters visiting every property and this combination gives us the confidence to work with clients to achieve their aims where more remote lenders may not.”
Gina May, co-founder and director of operations of VAS Group, added: “To bring both Audit and Panel elements together to deliver a full service is a fantastic step for both companies.
“We will continue to help them grow and develop in a safe, controlled manner in respect of valuations, and ensure their rapid response service continues to deliver on-time.”
