SDKA launches AVMs for first-charge residential transactions

The new service has been developed in partnership with Hometrack, whose software combines 25 years of property data with AI-powered market intelligence to support more informed and efficient lending decisions.

In a market-leading enhancement to client reassurance and due diligence, SDKA will require every applicant to complete a video walkaround of the property with one of its experienced underwriters. This hands-on approach aims to complement the data-driven accuracy of the AVM while maintaining the lender’s focus on personal engagement and responsible decision-making.

The announcement follows SDKA’s recent reduction of its Bridge 75 Residential rate by 50 basis points to 0.84% per month at the end of September. The product is aimed at property investors with an active interest in buy-to-let properties, houses in multiple occupation (HMOs), and refurbishment projects. Terms range from three to 24 months, with loans available up to £10 million.

Kunal Mehta, managing director of SDKA, said: “We were only going to launch an AVM offering when we found the right partner, and with their extensive expertise and proven track-record, Hometrack ticks all the boxes.

“Coupled with the opportunity to walkaround their chosen property via a video tour with one of our highly-experienced underwriters, we can ensure the borrower is in the best position to decide whether to proceed with the bridge.

“And most importantly it again shows that we are always looking at our systems and methods to minimise time-to-cash, because the essence of bridging is speed. Yes we will look at every case on an individual basis, but this is never going to be at the expense of the release of funds.”