You are here: Home - News -

Foundation introduces automated valuations to assess BTL portfolios

by:
  • 10/10/2017
  • 0
Foundation introduces automated valuations to assess BTL portfolios
Foundation Homeloans is introducing an automated valuation model (AVM) process to help assess its buy-to-let (BTL) portfolios following the Prudential Regulation Authority’s rule changes.

The lender will use Hometrack’s property analytics for the next three years to analyse portfolios of residential properties.

It will measure the value of a portfolio, asset by asset, for trading, asset management or risk management purposes.

Foundation Home Loans director of marketing Jeff Knight, said: “The recent changes within the market are a good thing and provide opportunities for intermediaries and lenders like ourselves. To this end, we are enhancing our market by partnering with Hometrack.

“We are delighted to have selected Hometrack as our preferred partner and look forward to working closely with the team over the coming years.”

Hometrack head of mortgage origination solutions Andrew Vaughan added: “Our BTL AVM will provide Foundation Home Loans with confidence that they have a clear picture of each property’s capital value and rental income.

“At the same time, we will endeavour to help streamline the company’s valuation process and subsequently improve the experience for its customers.”

There are 0 Comment(s)

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Ian-Buchanan-Openwork
Openwork targets tech upgrade with board appointments

Openwork has appointed Ian Buchanan and Andy Smart as non-executive board directors.

Close