SDKA has launched of automated valuation models (AVMs) for first-charge residential purchase transactions to accelerate its time-to-cash.
The service has been launched utilising Hometrack.
The lender will ask every client to do a video walk around of the properties with one of their experienced underwriters.
SDKA managing director Kunal Mehta says: “We were only going to launch an AVM offering when we found the right partner, and with their extensive expertise and proven track-record, Hometrack ticks all the boxes.”
“Coupled with the opportunity to walkaround their chosen property via a video tour with one of our highly-experienced underwriters, we can ensure the borrower is in the best position to decide whether to proceed with the bridge.”
“And most importantly it again shows that we are always looking at our systems and methods to minimise time-to-cash, because the essence of bridging is speed. Yes we will look at every case on an individual basis, but this is never going to be at the expense of the release of funds.”
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