View more on these topics

Advantage selects Hometrack as AVM provider

Advantage has assigned Hometrack to provide free instant property valuations through its online mortgage sourcing system.

The appointment is part of the lenders drive to improve its service levels to mortgage customers following a meltdown earlier this year.

Advantage hopes the technology, which is available for both purchase and remortgage qualifying cases, will enable it to further streamline its processing of mortgage applications for decisions in principle.

David Catt, commercial director of Hometrack, says: The intermediary mortgage market has evolved to the point where advisers are demanding the same tools that lenders use. This benefits everyone, not least the advisors client who will be given better informed advice.

Through instant online valuations, advisers can help their clients understand the valuation a mortgage lender may place on their property, have greater confidence that the mortgage application will be accepted and even use the automated valuation model as a negotiation tool when making an offer on a property.

Keith Dearling, managing director of Advantage, adds: The integration of AVMs will help cut down on the superfluous paperwork and result in added value for intermediaries.

It is about giving them an additional tool to save time and money.

This latest IT upgrade is further evidence of our commitment to invest in our infrastructure and make sure we are a leader in the mortgage sector.


Packager Power

With about 260,000 UK citizens owning property abroad, overseas investment is becoming more important to brokers. Can packagers get involved? Will EU legislation help the process when countries still operate different models?
Bill Dudgeon is managing director of DB Mortgages

Equity Release Solutions appoints BDM

Equity Release Solutions has appointed Mike Lewis as business development manager. Lewis was previously equity release operations manager with NHFA Care Fees Advice.Kevin Stelfox, managing director of ERS, says ERS is currently expanding its specialist adviser team to ensure that full national coverage can be given to our clients on a face to face basis. […]

RBS sales appointment

Graham Felstead has been appointed head of corporate sales at the Royal Bank of Scotland Intermediary Partners. He was previously regional sales manager at the lender and has worked for RBS for nearly six years.


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


News and expert analysis straight to your inbox

Sign up