MT Finance has announced an update to its automated valuation model (AVM) criteria by increasing the maximum LTV from 60% to 65% on eligible transactions.
The increased LTV will apply to both regulated and unregulated bridging finance applications on standard residential properties. The AVM facility continues to offer borrowers a faster, more cost-effective alternative to traditional valuations, with no physical inspection required.
The latest change follows MT increasing the maximum LTV to 80% on its buy-to-let small HMO offering last month.
Gareth Lewis (pictured), managing director at MT Finance, commented: "We're pleased to announce this increase to our maximum LTV on AVM valuations. This enhancement reflects our ongoing efforts to streamline the application process and provide our broker partners with more competitive and accessible financing solutions for their clients.
"By increasing the LTV to 65%, we're giving our clients greater borrowing capacity to support them in achieving their property goals efficiently."
