Y3S is now offering free Automated Valuations (AVMs) on some of its first and second charge bridging products.

The Cardiff-based bridging finance packager says the applicant will benefit from costs savings as well as seeing a large reduction in time waiting for a valuation date and for the report to be produced.

The AVMs must achieve a confidence level of A , B or C to qualify, and the property must not exceed a valuation or purchase price of £500,000 and the gross loan must be no more than 50% LTV.

“Bridging finance is supposed to be quick but this is on another level, said Andrew Gage, director at Y3S.

“We can produce these reports online in minutes at minimal expense to us, shaving £1,000 of customer costs and seven days off a new application.”