Wey Bridging Finance has introduced Automated Valuation Models (AVMs) for eligible residential bridging loan applications as part of its ongoing focus on improving underwriting efficiency and reducing valuation-related delays on straightforward residential transactions.
The specialist lender said AVMs will be considered on a case-by-case basis, subject to factors including property type, loan size, location and the overall transaction profile.
Wey Bridging Finance said the move is designed to streamline qualifying residential bridging loan applications by reducing reliance on full physical valuations where appropriate, helping brokers and borrowers access funding more quickly whilst maintaining underwriting discipline.
Jordan Hallows, Director at Wey Bridging Finance, said:
“The introduction of AVMs allows us to streamline parts of the underwriting process on straightforward residential transactions where the risk profile and property type are well understood.
Reducing unnecessary valuation friction can improve turnaround times significantly for brokers and borrowers, whilst still maintaining the commercial judgement and underwriting oversight that remain central to how we lend.”
The introduction of AVMs reflects a wider shift across parts of the specialist lending market, with more bridging lenders adopting streamlined valuation and underwriting processes to improve efficiency on lower-complexity residential cases.
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