Hope Capital now lending on a range of valuation types
Hope Capital is now accepting a range of valuation types. Having previously required a full valuation on residential properties, in many circumstances they are now able to lend based on AVMs, drive-bys or desktop valuations.
These new valuation options now make borrowing more accessible for customers, particularly in circumstances where speed is of utmost priority. Both AVMs and desktop valuations are able to be completed in a matter of hours and provide enough accuracy to be able to progress with a loan application.
These valuation types have a far lower associated cost than a full valuation, which can help in meeting the customer’s needs and make a loan more affordable and suitable.
By introducing these new valuation types, Hope Capital is future-proofing itself. In scenarios whereby valuers are unable to enter properties, or there is huge demand on valuers, these alternative valuation types enable business continuity and allow borrowers to push forward with their plans.
These new options for valuations are part of the new Hope Capital Custom Collection which comprises six different products, features and options, all of which are designed to give the most suitable solution for the borrower. Full details on the Custom Collection can be found on the Hope Capital website.
Gary Bailey, pictured, managing director, Hope Capital, said:
“It’s fantastic that we’re now able to accept a far broader range of valuation types. Often a full valuation can take considerably more time than they may have previously. Particularly given the current circumstances its now more important than ever that we’re flexible and can operate swiftly.
“As always with Hope Capital we aim to offer the utmost flexibility and speed whilst being transparent throughout the process.”