Hampshire Trust introduces AVMs on bridging finance
The new option reduces costs and improves turnaround times for scenarios such as auction purchases, portfolio transactions, and urgent completions.
"By cutting costs and speeding up the valuation process, we’re enabling brokers to deliver seamless solutions for their clients under tight deadlines."
- Alex Upton, managing director of specialist mortgages and bridging
Hampshire Trust Bank (HTB) has added an automated valuation model (AVM) option to its short-term lending proposition, offering brokers a faster, more cost-effective way to secure valuations for time-sensitive transactions.
Available for residential investment properties, including houses, low-rise flats and small HMOs, the AVM option supports property values between £250,000 and £1 million, with a maximum gross LTV of 65%.
The new proposition is designed to reduce costs and improve turnaround times for scenarios such as auction purchases, portfolio transactions, and urgent completions.
Alex Upton, managing director of specialist mortgages and bridging at HTB, said: “Our AVM option is all about helping brokers work smarter. By cutting costs and speeding up the valuation process, we’re enabling brokers to deliver seamless solutions for their clients under tight deadlines.
“At HTB, we don’t just adapt to the market - we evolve to make brokers’ jobs easier and help them thrive.”
Lorenzo Satchell, sales director for bridging finance at HTB, added: “This is what brokers have been asking for: a faster, simpler, and more affordable valuation option. By listening to their feedback and introducing the AVM option, we’re giving brokers a practical advantage, especially when time is critical. It’s another way HTB is making a real difference for brokers and their clients.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Budget
Budget: Government introduces mansion tax on high-value homes
Budget
Budget: Government introduces £2,000 salary sacrifice cap
Lifetime Isa
Budget: Lifetime ISA to be scrapped in favour of new first-time buyer ISA
Budget
Budget: Property income tax to rise by 2%
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%