The specialist bank will use VAS Panel’s comprehensive database on all commercial loan security valuations to ensure the most relevant third-party RICS-qualified surveyors are instructed based on location, deal type and value.
Every valuation will then go through a quality control check by an experienced professional before being returned to the client.
- Masthaven: strong underwriter-broker relationships are 'essential'
- Building bridges: educating brokers about short-term finance
- Hope Capital completes £100m of valuations with VAS Panel
“To enter the latest partnership agreement with our 50th lender in just over one year of operations is an amazing achievement…” said Stephen Todd, co-founder and managing director of VAS Group (pictured above).
“Within this time, it is interesting to watch how the balance of work has altered, with term product valuations starting to take a larger percentage of the business against our traditional short-term finance instructions.”
Alan Margolis, credit and operations director at Masthaven, added: “Our aim is for our brokers and customers to receive the same smooth underwriting experience for commercial property loans as they currently receive for our other bridging loan products.”