Investec launched an intermediary-only residential and buy-to-let brand targeted at professional mortgage borrowers earlier this year.

It has now signed a deal with Hometrack to supply automated valuation tools for audit purposes over the next two years.

David Catt, chief operating officer at Hometrack, said: “We are delighted to be working with Investec, one of the country’s leading specialist banks and asset managers.

“Hometrack’s services provide the company with a fast, accurate and cost-effective means of managing residential property valuations.”

Last month Hometrack announced it was to join forces with firms in the Netherlands and Norway to launch a European property alliance.

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