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SDKA launches AVMs for first-charge resi transactions




SDKA has launched AVMs for first-charge residential purchase transactions to accelerate deals.

The service has been introduced using Hometrack, a property data and risk software company.

In a move designed to further reassure applicants, the lender will ask every client to do a video walkaround of the properties with one of its underwriters.

This move follows the lender dropping its Bridge 75 residential rate by 50bps to 0.84% per month.


Kunal Mehta, managing director of SDKA (pictured above), commented: “We were only going to launch an AVM offering when we found the right partner, and with its extensive expertise and proven track record, Hometrack ticks all the boxes.

“Coupled with the opportunity to walk around their chosen property via a video tour with one of our highly experienced underwriters, we can ensure the borrower is in the best position to decide whether to proceed with the bridge.

“Most importantly, it again shows that we are always looking at our systems and methods to minimise time-to-cash, because the essence of bridging is speed. Yes, we will look at every case on an individual basis, but this is never going to be at the expense of the release of funds.”

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