Selina Finance has launched the option of no-valuation products by adding an integration with Hometrack within its broker portal and through its broker API.
The upgrade gives brokers access to Hometrack automated valuations (AVMs) free of charge.
The integration of Hometrack means that agents can now immediately see a valuation figure at the application stage and make progress without a physical valuation where the figure meets Selina’s criteria.
Brokers can also see when a Hometrack AVM is not eligible. If a broker or client wishes to use a different figure, there is still the option to switch to a drive by or full RICS valuation.
The update is part of Selina’s commitment to improve clarity, shorten processing times and reduce costs for brokers and their clients.
Matthew Batte, head of intermediaries at Selina Finance, said: “The launch of our unrated products with the addition of Hometrack is a clear step in our plan to make the process faster and easier for brokers.”
“Immediate valuations that meet the criteria mean fewer delays, lower costs and a smoother experience. Brokers told us they wanted more clarity and more control at the point of application, and this upgrade meets that brief.”