United Trust Bank (UTB) has integrated Hometrack AVM (Automated Valuation Model) searches in its bridging broker portal.

The AVM is now available for new fast-track and standard bridging applications.

The service enhancement enables brokers submitting enquiries and Decisions in Principle (Dips) through the bridging broker portal to carry out a Hometrack AVM search 24 hours a day and obtain an instant pass/fail indication and accurate valuation at the point of submitting the enquiry to UTB.

UTB believe the enhancement to be an industry first with no other bridging lenders currently offering AVM integration within online portals.  

United Trust Bank director of bridging Gavin Diamond says: “By integrating Hometrack AVM searches within UTB’s Bridging broker portal brokers can very quickly see if the property valuation is going to support the application they’re making, enabling them to proceed quickly or rethink their options. We believe that this latest enhancement, especially when combined with our Fast-Track service, provides an unbeatably quick application, decision and completion process with offers made within 24 hours and funds available to draw just a few days later.”