Castle Trust Bank has enhanced its buy-to-let (BTL) proposition with the introduction of automated valuation models (AVMs) for eligible cases.
The use of AVMs will be available on standard properties, including houses and apartments, with a property value of up to £750,000 and a maximum loan-to-value of 65%.
The new process is designed to reduce delays, streamline the customer journey and support faster decision-making for landlords and real estate investors.
Anna Lewis, commercial director at Castle Trust Bank, said: “Brokers need lenders to help them turn opportunities into positive outcomes for their customers, and the introduction of AVMs for eligible Buy to Let business is another practical improvement that allows us to do just that.”
“By reducing reliance on physical valuations where necessary, we can achieve a faster and more efficient application process, giving landlords and real estate investors access to financing faster and with greater certainty.”
“It’s part of our ongoing commitment to remove friction from the lending process and provide brokers with the tools, service and solutions they need to support their clients’ goals.”