Related topic: AVM

Molo is the first lender to implement the integration.

The lender now tells brokers if eligible properties are suitable security before they submit a full mortgage application.

The Bank has more than doubled the maximum loan size for an AVM from £750,000 to £2 million. 

The gap between seller expectations and real-world property valuations has doubled in the past year.

The new AVM remortgage products are available up to 75% LTV and comprise four two-year fixed rate options.

AVMs will be available for use on standard residential properties valued up to £750,000.

The lender has lifted the maximum LTI on core residential products to 5.5x income.

The lender has introduced AVMs up to 75% LTV alongside a new funding capacity.

UTB has relaxed minimum AVM confidence levels across all LTV bands.

Landbay has launched new two and five-year fixed rate options, available up to 75% LTV with various percentage fee options.