The move offers short-form templates from £265 (excluding VAT) for single BTLs in England, assuming market rent and rental comparables are provided.

The property must be in mortgageable condition with a kitchen and bathroom.

The aims of the new fee scale include instant instructions with no waiting for quotes, consistent and transparent pricing for applicants and a shortened timescale of the valuation process, in turn speeding up time-to-cash.

VAS Panel will provide the service through its full valuation panel management system comprising 500-plus residential valuers across the country.

To instantly instruct, lenders must state this requirement on the quotation form, along with the fee provided to the client in the additional comments box on the quotation form.

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Stephen Todd, CCO and co-founder of VAS Valuation Group (pictured above), said: “VAS Panel has always had a fee scale, however this had to be treated as a guide as we did not know which valuers would accept specialist finance work, that is until now.

“A guaranteed service can only be delivered with the right quality and spread of first-class residential valuers and an in-house quality control system that ensures every report meets the highest requirements — both of these we have achieved.

“Approximately 50% of our quotes and instructions are classified as residential properties so for us this is a huge move — but more importantly for lenders, brokers and their clients — it offers a guaranteed price at the start of the valuations process, while also delivering faster reports and ultimately a quicker drawdown.”