The mortgage service has split lender’s AVM levels across four areas: BTL purchase and remortgage, and residential purchase and remortgage.
The company has also added a new section for LTV restrictions on their support page.
Paradigm is providing at-a-glance information for all intermediaries on maximum LTV allowed by each lender for AVMs.
The information is updated at the end of each day with the latest details from Paradigm’s panel of lenders.
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Bob Hunt, chief executive at Paradigm Mortgage Services (pictured above), said: “With physical valuations off the table, many lenders are, or moving towards, accepting AVMs — however the LTV levels for such a policy are different for each product and each lender.
“We’ve therefore created a new ‘Lender Matrix’ to capture this information, in order to help advisers check their own cases against what each lender deems acceptable.
“We will continue to develop valuable resources to support intermediaries during this challenging time for our market.”
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