Colchester-based Valunation won the contract for its competitive fee arrangements, personal service and technical support, along with its close geographic proximity and local connection to the mutual.

Alison Beech, business relationship director at Valunation, said: “We consider this appointment recognition of the key fundamentals underpinning our business which are quality, service and delivery, and a culture of continuous improvement in these areas. Ipswich Building Society is an important addition to our panel management clientele.”

Ian Brighton, general manager (business services) and secretary at Ipswich Building Society, said: “At Ipswich Building Society, we pride ourselves on achieving a good customer experience and we believe that working with Valunation will assist with this and most importantly help people with the purchasing of their own homes.”