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Automated Valuations

In the wake of the COVID-19 pandemic, the mortgage market has been truly shaken and many of us were left asking how property valuations could still take place.

With the recent Governmental restrictions, lenders have not able to physically visit the property but as an ever forward-thinking sector, over the last few weeks, many mortgage lenders have adapted their service to offer automated valuations, the contactless solution to get your mortgage approved.

It is incredible the speed at which we have seen the lenders step up to this monumental challenge and the list steadily increases day by day.  Of course we are now seeing physical valuations happening more and more, however here is the most up-to-date list of mortgage lenders that are now offering automated valuations (AVM) and the types of Loan to Value (LTV) that you can secure:

Buy to Let

Lender

LTV Cap For AVM

Accord65% – BTL Re-mo
Aldermore75%
Barclays75%
BM Solutions75%
Bank of IrelandNone
Buckinghamshire Building Society40% – BTL Purchase
50% – BTL Re-Mo
Clydesdale60%
Coventry Godiva50% – Flats
65% – Houses
Darlington70%
Family Building Society60%
Gatehouse65%
Interbay70%
Kensington70%
Kent Reliance70%
Leeds Building Society70%
Mansfield Building Society70%
Metro Bank75%
Newbury Building Society60%
Nottingham Building Society65%
Paragon75% Including 4 Bed HMOs
Post office MoneyNone
Precise Mortgages60%
Principality75%
Redwood Bank70%
Santander60%
Shawbrook75%
Skipton Building Society75%
Skipton International60%
Staffordshire Railway70%
The Melton75%
The Mortgage Lender75%
The Tipton70%
The Mortgage Works75%
TSB75%
Virgin Money60%
West One75%

Residential

Lender

LTV Cap For AVM

Accord85% – Resi Re-mo
75% – Resi Purchase
Aldermore85%
Barclays80%
Bank of IrelandNone
Buckinghamshire Building Society40% – Resi Purchase
70% – Resi Re-Mo
Clydesdale65% – Resi Purchase
75% Resi Re-Mo
Coventry Godiva50% – Flats
65% – Houses
Darlington75% – Resi Purchase
85% – Resi Re-mo
85% – Resi FA
Family Building Society60%
HBOS (Resi)60%
HSBC90%
Kensington70%
Kent Reliance60%
Leeds Building Society80%
Mansfield Building Society75%
Metro Bank80%
Nationwide85%
Natwest80% up to a property value Of £1M
65% up to £1.5M
55% up to £2M
50% up to £3M
Newbury Building Society60%
Nottingham Building Society70%
Post office MoneyNone
Precise Mortgages60%
Principality80% – Resi
Santander75% – Resi
Skipton Building Society75%
60% on Resi if applicant Furloughed
Staffordshire Railway70%
Teachers Building Society80%
The Melton75% – Resi
70% – Resi Adverse Range
The Tipton70%
TSB80% – Resi Re-mo
60% – Resi with capital raising
75% – Resi Purchase
Virgin Money65% – Resi Purchase
75% – Resi Re-mo
The West Brom75%

Mortgage criteria has never been so confusing to navigate and that is why we are in daily discussions with all lenders.  With all of our expert insights, you can be sure that you have the best deal for your property.

To find out more about automated valuations and the types of mortgage you are eligible for, you can call us on 08009499410 or let us know your best contact details and one of our advisors will give you a callback.