We’ve made some exciting updates to our bridging offering: we’ve expanded our AVM (Automated Valuation Model) criteria to help you move faster on bridging and refurbishment deals.
What’s new?
Expanded AVM acceptance criteria up to 75% LTV with confidence rating criteria relaxed to match our BTL rules increasing the number of properties that will be eligible.
• AVMs can be used for light refurbishment projects – making short-term lending simpler and more accessible.
• No more photo evidence required to prove the condition of the property – we understand your client will be making improvements.
• If an AVM doesn’t meet the usual confidence threshold but the valuation exceeds the purchase price, we’ll still accept it – with the maximum loan calculated on 75% of the purchase price.
As a reminder, properties with potential for an AVM:
- Individual houses or flats
- Small HMOs valued on a bricks and mortar basis
- Properties up to £2 million in London & the South East and up to £1 million in the rest of the UK
• Where the property meets criteria, Broker Hub will automatically offer an AVM.
Product Guide Lending Criteria Calculator
As a specialist property lender, our goal is to make property finance as straightforward as possible – and this change means more cases can now qualify for AVM assessment, helping to reduce completion times and streamline the process for you and your clients.