VAS Panel’s database will be used in core geographical areas to ensure that the most relevant third-party, RICS-qualified surveyors are instructed based on location, deal type and value.
It will also operate its quality-control processes to ensure clients have the greatest confidence when making lending decisions.
As part of our market evaluation process, we have followed Avamore for a number of years and we knew that VAS Panel could play an important part in their market growth strategy,” said Gina May, co-founder of VAS Group (pictured above).
“The conversations with the lender from the outset were very productive and we will work in close partnership to ensure all targets are met.”
Philip Gould, head of underwriting at Avamore Capital, stated that now more than ever, having dependable partners was fundamental to getting deals over the line and therefore the collaboration with VAS Group had been agreed at an “excellent time”.
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“We currently have a strong panel of our own advisers but, as volumes increase, it is important that we have access to a wide range of highly-proficient professionals across our core geographies.
“VAS enables us to access them easily, as well as staying on top of service levels and providing industry leading quality control.”
In May, VAS Panel launched a project monitoring service for development finance lenders, in a bid to improve speed and quality of documentation.
The new offering provides national coverage of monitoring surveyors throughout the country which, Philip said was a “huge benefit” to Avamore, considering its focus on development.
“We look forward to working with VAS and are excited to see how the partnership supports Avamore and the service we can offer to our customers.”