ScotLend has raised its automated valuation model (AVM) lending limit from 70% to 75% loan-to-value (LTV) on residential security after securing a £20m funding facility from Shawbrook.
The threshold gives brokers more options for cases where a full valuation would slow things down.
The change will allow them to make faster decisions on qualifying deals.
David Travers (pictured), director at ScotLend, said: “This facility gives us more capacity and more confidence to support the types of deals brokers are bringing us.
“If a case doesn’t need a full valuation, it shouldn’t be delayed by one.
“This change is about keeping things practical and focused on getting deals done.”
Travers added: “We’re still the same team with the same straight-talking style. We’ve just got more room to say yes.”
