The lender used AVMs only and was secured to clear an urgent HMRC tax bill.
Despite the number of assets, layered ownership, and tight timeline, ScotLend completed the deal within the three-week window with no physical valuations required.
“This was exactly the type of case we’re built for, multiple units, real time pressure, and no room for delays,” said David Travers, director at ScotLend (pictured above).
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“We underwrote the deal at pace, structured it properly, and used AVMs to avoid unnecessary bottlenecks.”
The transaction follows ScotLend’s recent move to increase its AVM threshold to 75% LTV on residential security, supported by a new £20m funding facility from Shawbrook.
David added: “The increased AVM limit gave us the flexibility to move quickly without compromising the quality of the deal.
“We’re seeing more brokers bring cases like this and we now have more headroom to get them done.”
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