VAS Panel has expanded its list of valuation specialisms by 135% to help fine-tune selection from its valuation firms database to meet every lending application, no matter how unique. The number of categories has risen from 20 to 47, including everything from airports to vineyards and advertising hoardings to tourist attractions alongside the standard classifications.
In light of increased activity in the HMO sector, the business has created two options: (HMO) Small covering up to six tenants and (HMO) Large for seven tenants or more. This move is seen as particularly beneficial for brokers who can now obtain the right advice for assets and geographical areas they may not have come across before.
VAS Panel is an award-winning full valuation panel management service comprising over 200 firms, including independent practices, regional firms, national and international consultancies, ensuring users can instruct the most relevant companies based on location, deal type and value.
Andrew Murdoch, valuation panel director at VAS Panel, part of the VAS Valuation Group, said, “We constantly assess our panel management system to look for improvements, and an augmentation in categories very much follows the ever increasing scope of the specialist finance market.
“In particular, being able to utilise the property specialisms from our national database of valuation firms and being able to be more specific with our HMO valuations will really support our lender clients and their brokers partners.”
