The lender will now allow the use of automated valuation models (AVMs) on applications for loans up to £500,000 on residential deals, up to a maximum of 75% loan to value (LTV).
Kuflink will enable desktop and drive-by valuations on semi-commercial deals for loans up to £600,000, at a maximum of 70% LTV and 65% on commercial.
Further, the lender has increased LTVs from 60% to 65% on commercial deals, and 65% to 70% on semi-commercial cases.
Molly Hepburn, director at Kuflink, said: “These changes highlight the importance we place on cutting the roadblocks to swift completions. We have increased the LTVs on AVMs and desktop valuations so more deals qualify for faster valuations, and as a pioneer of the use of title indemnity insurance, we can expedite the clients’ legal process.
“Kuflink’s latest proposition demonstrates our commitment to helping clients and their advisers navigate the borrowing process as simply and as quickly as possible.”
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The lender recently reshuffled its leadership team after CEO Narinder Khattoare resigned from the post.
