VAS Group has become the first valuation panel management and auditing company to join the Financial Intermediary & Broker Association’s (FIBA) newly formed Professional Partners Panel.
The company, which recently stated its mission to guarantee strong commercial property valuation standards throughout the UK, will work closely with the leading trade body for finance professionals to advise all members on current best practice and regulatory issues to minimise lenders property specific lending risks.
The FIBA Professional Partners Panel has been created to provide a database of firms which can demonstrate the necessary knowledge and expertise to handle commercial, bridging and other specialist lending requirements for the betterment of associated lenders, brokers and customers.
FIBA Executive Chairman, Adam Tyler, pictured, said:
“We formed the Professional Partners Panel in response to group industry discussions we have hosted with lenders, brokers, solicitors and surveyors to ensure that our members customers had the best opportunity to complete their lending requirements. We expect to add further partners as we create regional coverage and that is why VAS Group are so important to our long term plans.”
“FIBA exists for the improvement of standards in the specialist finance industry, an ethos that aligns perfectly with our own,” added Stephen Todd, co-founder and managing director of VAS Group. “We will bring all our valuation knowledge to its members and work together to improve this vital chain in the process.”
VAS Group consists of VAS Panel, which provides a full valuation management service which considers location, deal type and value to provide accurate recommendations, and VAS Audit, which delivers live auditing to reduce property specific lending risks and ensure the maintenance of high standards.