YBS Commercial has simplified the valuation process with the intention of reducing costs and saving time for its portfolio landlord customers.
For landlords borrowing as much as £3m on a highest of 4 properties, the mortgage firm will use an estimated market profit as an alternative than necessitating a complete valuation.
The lender’s customary necessities however applies.
YBS Professional Home loans working director Tom Simpson says: “This modify, like so lots of the enhancements we now have carried out this calendar 12 months, comes instantly pursuing dealer strategies and can assist save prospects income – in some situations appreciable portions – on valuation charges, as successfully as reducing down the time it usually takes for valuation opinions to be concluded.
“This, in flip, will lower the over-all time to circumstance completion, strengthening the purchaser encounter for debtors.
“This shift demonstrates the importance we location on performing on dealer strategies, and demonstrates our ongoing motivation to reviewing processes and coverings anyplace achievable, producing enhancements which benefit our brokers and their purchasers.
“Given the prevailing native local weather, which has witnessed landlords having difficulties to regulate their prices in a higher cost ecosystem, we hope this can be a welcome transfer.”
