Positive Lending offers free AVMs on bridging loans

By Bridging Loan Directory 27th June 2016

Positive Lending, the multi-award winning specialist packager and master-broker, today announces a new and exclusive market-leading offer for bridging loan borrowers: free Automated Valuations (AVMs) on selected first and second charge standard bridging loans.

Available immediately, this market-leading free AVM proposition means bridging borrowers will:

> Save time: online valuations generated instantly

> Save money: NO valuation fee – Positive pay their AVM fee on application.

To qualify for the free AVM, bridging applications must fit the following parameters:

• Up to £500,000 maximum purchase price/property value

• Up to 50% maximum gross LTV

• AVM achieves a confidence level of A, B or C.

Positive’s expert bridging team will let the intermediary know if their client’s case qualifies for a free AVM; if not, they can rest assured that a physical valuation can be arranged quickly.

Chris Fairfax, Managing Director at Positive commented;

“2016 is the year that Positive Lending shakes-up the packager sector by launching a range of market-leading customer-centric exclusives. Following the tremendous success of our secured loan £995 fixed fee proposition, the time is right to launch another great customer incentive – this time for intermediaries with bridging loan borrowers.

This Positive exclusive is a double-whammy for bridging loan intermediaries; not only will they save their client’s time with instant valuations they’ll also save their client’s money as Positive pay the AVM fee. It’s also important to note that intermediaries don’t lose out with this free AVM offer – it comes with the same competitive interest rates, the same commissions and the same great service that they and their clients deserve. Initial response from our intermediary partners has been overwhelmingly positive; but this customer centric approach is something they have grown to expect from Positive Lending.”