Central Trust expands AVM criteria

Central Trust has introduced the use of Automated Valuation Model (AVM) technology to its consumer buy-to-let, let-to-buy and family let ranges.

AVMs are now available within these ranges up to £100,000 and a maximum LTV of 75%, subject to confidence score and criteria.

AVMs are available with Central Trust in England, Scotland, Wales and Northern Ireland.

The broker controls when the AVM is run so they know early on in the process if a traditional valuation is needed.

Maeve Ward, commercial operations director at Central Trust, commented: “Central Trust is always looking at ways to ensure that we provide the best service possible to a wide range of borrowers, regardless of their diverse requirements.

“The use of AVMs means a greater number of cases within our consumer buy-to-let, let-to-buy and family let ranges should progress more quickly than ever.

“Central Trust continues to help the underserved, as well as those that need to repair and rebuild, and those who have been victim of circumstance and require a second chance, and can now ensure their cases can proceed as quickly as possible, at a time when the rest of the market is seeing cases take longer than before.”