Covering Residential Mortgages, BTL, Secured Loans and Bridging Finance; all of the Precise Mortgage products are available via our specialist packaged team and our direct to lender mortgage club.
To help you get ready for the improved portal, which arrives on 25 November, here’s a quick reminder of the types of properties suitable for bridging AVM use.
Typically accepted for AVM
Standard construction residential properties, excluding flats
Properties in good condition with no major defects
Properties located in established residential areas with comparable sales data
Buy to let or investment properties with clear, consistent market value
Not suitable for AVM
- Non-standard construction (e.g. concrete, timber frame, thatched roofs)
- Unique, listed, or high-value properties with limited comparable valuations
- Properties in poor or uninhabitable condition
- Commercial or semi-commercial units
- Land or development sites
For even faster bridging
To help reduce internal ‘refers’ and speed up your cases, you should attach the AVM report to all your bridging applications.