SDKA is accelerating its time-to-cash with the launch of Automated Valuation Models (AVMs) for first-charge residential purchase transactions.
The service has been launched utilising Hometrack, whose software harnesses 25 years of property data alongside AI-powered market intelligence.
In a move designed to further reassure applicants, the lender will ask every client to do a video walk around of the properties with one of their experienced underwriters.
At the end of September, SDKA dropped its Bridge 75 Residential rate by 0.50% to 0.84% per month.
Designed for property investors with an active interest in buy-to-lets, houses in multiple occupation (HMOs) and buildings requiring refurbishments, terms are available from 3- to 24-months with a maximum loan size of £10m.
Kunal Mehta (pictured), managing director of SDKA, said: “We were only going to launch an AVM offering when we found the right partner, and with their extensive expertise and proven track-record, Hometrack ticks all the boxes.
“Coupled with the opportunity to walkaround their chosen property via a video tour with one of our highly-experienced underwriters, we can ensure the borrower is in the best position to decide whether to proceed with the bridge.
“And most importantly it again shows that we are always looking at our systems and methods to minimise time-to-cash, because the essence of bridging is speed. Yes we will look at every case on an individual basis, but this is never going to be at the expense of the release of funds.”
