View more on these topics

Auto valuation systems as described by Eve are old news

From Graeme Winser

I was surprised to see in Frank Eve’s recent article in Mortgage Strategy (October 1) the existence and functionality of an automated valuation system still being treated as news.

Eve’s description of the Rightmove AVM with its three modes of quick, interactive and batch, is spookily similar to our own AVM at UKValuation. We have been offering these functions to the lending, valuation and broker market for three years.

In the AVM market, modelling techniques have moved on apace from the system described in Eve’s article. We will introduce a model with new performance levels soon. It’s this kind of commitment to developing the AVM model which will truly revolutionise this market.

Graeme Winser Chief executive UKValuation

By email

Recommended

Protecting your home from the winter elements

The Royal Institution of Chartered Surveyors is advising people to prepare their homes for winter and stop the predicted harsh weather from taking its toll on their property, heating and maintenance bills. RICS say that properties are vulnerable to attack both from the outside elements and the moist, warm conditions that build-up inside during the […]

PFS introduces affinity benefits package

The Personal Finance Society has introduced an affinity benefits package designed to provide enhanced access and exclusive discounts to a range of lifestyle and business services for its members.The initial package has links to over 20 companies providing a range of products and services from legal and IT support to car rental and professional indemnity […]

Contract hitch for Famous Five and Fab Four

The Famous Five who quit HBOS earlier this month will not be allowed to get involved in the operational set-up of their new lender until June next year at the earliest. Michael Bolton, Alan Cleary, John Nixon, Rob Williams and Mark Smith walked out from the lending giant earlier this month to join The Oakwood […]

Women make their mark in mortgages

The mortgage industry has always been seen as predominately a man’s world, but with more and more female advisers entering the market and lenders beginning to tailor their marketing to appeal to female borrowers, this is set to change.

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]

Newsletter

News and expert analysis straight to your inbox

Sign up