VAS Panel completes £50m of valuations for Aspen

VAS Panel completes £50m of valuations for Aspen

VAS Panel has completed £50m worth of property valuations for Aspen Bridging in the last six months.

The specialist lender has been using the valuation panel management service since May 2018 to ensure the most relevant third-party valuers were instructed to provide loan security valuations based on location, deal type and value. 

Aspen – which offers LTV products of up to 80% for residential, refurbishment and commercial applications – already used VAS Audit on all personal and business loan applications to reduce property-specific lending risks.

Jack Coombs, director at Aspen Bridging (pictured above), said it has had a great experience with VAS.

“[It has] a knowledgeable, professional team that operates with a personal touch that really adds value. 

“Add the ‘dashboard’ – which [it] created for us to have total visibility over all ongoing work – and the service is seamless.”

VAS Panel and VAS Audit are part of the VAS Group which includes VAS Software, a cloud-based valuation management framework which allows lenders to better manage their own existing panels.

“In a sector where speed and accuracy are vital, VAS has continually met all service level agreements, which means Aspen has been free to focus on [its] own well-known rapid delivery,” added Gina May, co-founder and director of operations at VAS Group. 

“Between our services and Aspen’s, this partnership has led to many efficient completions.”

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