The system, which has been piloted for several months by the chartered surveyor firm, is now being rolled out to the wider market.

The offering will provide lenders with access to a branded online instruction and case tracking portal, while valuers will receive instruction from an independent lender panel of valuers.

The Commercial Panel Management Service will also provide users with dedicated technical support, consistent reporting formats and online real time management information facility.

Richard Sexton, business development director at ESurv, said: “Commercial valuations carry more risk in general terms than residential ones for lenders, yet in many cases, the processes and systems in place are not quite as robust or consistent.”

He added that the offering could go a long way towards bringing the sourcing of commercial valuations closer to a streamlined best practice solution.

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