VAS GROUP

VAS Audit launches Valuation Desktop+ service



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VAS Audit has introduced a new desktop valuation service, offering reports within 48 hours.

The Valuation Desktop+ product is designed to work with commercial and semi-commercial properties, as well as standard mortgageable residential property below £2m in London and £1m in the rest of the country.

The service offers an enhanced AVM, which includes explanations to all key factors, as well as conclusions and recommendations.

It also provides clients with a Land Registry-mapped site plan to make sure the entire boundary has been taken into consideration within the valuation.

Valuation Desktop+ is one of VAS Audit’s core service areas, which includes live and retrospective valuation auditing, project monitoring audits and loan book monitoring.

Daniel Owen-Parr, managing director at VAS Audit (pictured above), said: “Many lenders are reticent to use AVMs on residential properties at the moment because, although automated systems are improving, many properties are not vanilla in nature.

“There is also no option for semi-commercial and commercial properties. 

“As such, our new Valuation Desktop+ service has been developed to provide a speedy, flexible, cost-effective solution, led in-house by one of our highly-experienced auditors with many years of valuations experience, to provide a valuable valuation tool for lenders and brokers across multiple property types.”

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