We wanted to update you that we are now able to offer AVMs for some of our applications as per the following criteria:

  • Residential Purchase up to £500k – max LTV 80%
  • Residential Remortgage up to £500k – max LTV 80%
  • BTL Purchase up to £500k – max LTV 75%
  • BTL Remortgage up to £500k – max LTV 75%
  • All loans over £500k – max LTV of 60%
  • Max Property Value of £1m outside M25 or £1.5m inside M25 (prime central London on a case by case basis)
  • Maximum loan of £750k on all cases having a desktop val

The following are considered not suitable for a desktop valuation:

  • Self-build projects
  • No online visibility of the property or property attributes.
  • Postcodes outside mainland UK
  • Postcodes in Northern Ireland
  • New build property (built in last 24 months)
  • +4 bedrooms (BTL only)
  • HMO’s (including student lets)
  • Studio flats
  • Flats in blocks +6 storeys
  • Flats with cladding
  • Commercial property
  • Multi-Unit Freehold Blocks
  • Shared ownership
  • Occupancy / age restrictions
  • Significant land (+2 acres)
  • Listed buildings
  • Modern methods of construction (MMC)
  • Short leases (<85 years)
  • EPC rating F/G or no valid EPC (BTL only)
  • Properties above or adjacent to commercial premises
  • Suspected Flying freehold (+20%)
  • Properties subject to renovation / refurbishment
  • Suspected Poor condition
  • Properties in areas known, or suspected to be subject to:
    • High or extreme flood risk
    • Coastal erosion risk
    • Structural / subsidence issues
    • Mundic
    • Contaminated land
    • Electro Magnetic Field’s (EMF’s)