Masthaven makes AVM changes

Masthaven has revealed it has made changes to its AVM service.

The specialist bank can now use desktop valuations on cases up to 60% LTV.

Last month, Masthaven launched its new AVM service to support brokers and customers during the pandemic.

The use of desktop valuations could only initially be used at 50% LTV.

The maximum loan amount has also increased from £500,000 to £1m on single or multiple properties.

Properties need to be habitable to be considered for AVMs.

The bank has made its latest product guide and updated valuation options flow charts available to view.


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