Kuflink has relaxed its valuation criteria as part of its drive to speed up mortgage loans.  

The peer-to-peer lending platform says that its automated valuation models will now accept applications of up to £500,000 on residential deals up to a maximum of 75% loan to value. 

While its desktop and drive by valuations will accept semi-commercial deals up to £600,000 and 70% LTV and 65% on commercial offers.

The lender adds that it has increased its LTVs to 65% from 60% on commercial deals and to 70% from 65% for all semi-commercial cases.  

It stresses that these moves along with its use of title indemnity insurance will speed up the conveyancing process. 

Kuflink director Molly Hepburn says: “These changes highlight the importance we place on cutting the roadblocks to swift completions.  

“We have increased the LTVs on automated valuation models and desktop valuations so more deals qualify for faster valuations and as a pioneer of the use of title indemnity insurance, we can expedite the clients’ legal process.”