Some 69% of brokers say there should be no premium charged for the use of automated valuation models.
In a survey by BM Solutions, the reactions of over 200 brokers to AVMs was documented, with two-thirds slamming the premium charge on them. And 86% of brokers believe consumers should be given a choice between AVMs, standard lender valuations, home buyer reports and full structural surveys. Iain Williamson, head of key accounts at BM Solutions, says: “This shows brokers believe borrowers should be offered a choice. AtBM Solutions they get that choice as well as a fairly-priced AVM.”