Kuflink has updated its lending criteria with changes to valuation limits and loan-to-value (LTV) ratios.
The lender will now accept applications up to £500,000 for residential deals using automated valuation models (AVMs), with a maximum LTV of 75%.
For semi-commercial properties, desktop and drive-by valuations are allowed on deals up to £600,000, with a maximum LTV of 70%.
Commercial properties can use the same types of valuations up to £600,000, but are capped at 65% LTV.
Kuflink has also increased its LTVs, moving from 60% to 65% on commercial deals and from 65% to 70% for all semi-commercial cases.
Molly Hepburn, director at Kuflink, said: “These changes highlight the importance we place on cutting the roadblocks to swift completions.
“We have increased the LTVs on AVMs and desktop valuations so more deals qualify for faster valuations and as a pioneer of the use of title indemnity insurance, we can expedite the clients’ legal process.
“Kuflink’s latest proposition demonstrates our commitment to helping clients and their advisers navigate the borrowing process as simply and as quickly as possible.”
