Valuation panel management service VAS Panel has revealed that it has completed £50m worth of instructions within the first three months of its partnership with Oblix Capital.

The agreement, which sees the company provide panel management services across the entire lending portfolio, was announced in February 2018 and utilises its database to ensure the most relevant companies are instructed based on location, deal type and value.

The service is backed up by a processing and audit team to act immediately to any issues or requirements for additional reports.

Anuj Nehra, managing director of Oblix Capital, said: “The first three months have proven to be hugely successful, all valuations are being undertaken quickly and accurately and as such we are starting to see completion times reduce.

“We have already received plenty of positive feedback from our third-party intermediaries and borrowers who simply want a competitive, efficient and speedy process.”

“Our tailor-made valuation panel ensures that every instruction is handled quickly by an experienced, local expert who understands the exacting requirements of our lender clients,” added Gina May, co-founder and director of operations at VAS Group.

“This allows our clients, such as Oblix to improve their service and focus on their core business, all in the confidence that the valuations they instruct are the most accurate on which to base lending decisions.”