Foundation Home Loans has appointed Hometrack to provide automated valuations for buy-to-let.
The three-year deal will let Foundation better measure portfolio values for trading, asset management or risk management purposes.
Foundation Home Loans director of marketing Jeff Knight says: “We are delighted to have selected Hometrack as our preferred partner and look forward to working closely with the team over the coming years.”
Hometrack head of mortgage origination solutions Andrew Vaughan says: “Our buy-to-let AVM will provide Foundation with confidence that they have a clear picture of each property’s capital and rental income.”
He adds: “At the same time, we will endeavour to help streamline the company’s valuation process and subsequently improve the experience for its customers.”