MT Finance adds AVMs to bridging range
AVMs are now available for qualifying regulated and unregulated bridging finance applications.
MT Finance has introduced automated valuation models (AVMs) to its bridging finance range.
MT Finance has collaborated with Hometrack to incorporate the use of AVMs into its standard residential bridging products.
AVMs are available for qualifying regulated and unregulated bridging finance applications, up to a maximum LTV of 60% and a maximum property value of £750,000.
The lender says this move will help speed up transactions and process applications more efficiently.
Joshua Elash, founding director at MT Finance, commented: “Offering AVMs is something we’ve been wanting to do for a long time, and I’m very pleased we’ve made it happen. We knew from discussing the matter with our intermediary partners how important AVMs are as they significantly speed up a transaction and provide ever-crucial certainty to clients.
"We will now be able to move even quicker than ever and continue to deliver the exceptional service that has become our hallmark.”
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