Pepper automatically instructs a valuation once it has assessed all of the decision-making documents, but the change means advisers can choose to instruct the valuation earlier to speed the progress of the case.
Advisers are free to use any of the valuers on the Legal & General panel which is used by Pepper.
“So, if a broker is confident their customer’s documents will be verified, they can get a head-start by instructing the valuation sooner,” the lender said.
Paul Adams, sales director at Pepper Money, said it was an important tool for brokers as it meant they could give their customers an advantage in a competitive market where time is of the essence.
“Why let your customer wait for a valuation when you are confident a case is going to proceed?” he said.
“We give brokers more control over the progress of their applications by instructing their own valuations as soon as the application has been reviewed, which means they no longer have to wait for all of the documents to be reviewed to get the ball rolling on the valuation.”
