MT Finance has updated its Automatic Valuation Model (AVM) standard by increasing the maximum loan-to-value (LTV) from 60% to 65% from qualified transactions.
Professional lenders say the update provides borrowers with greater flexibility and access to funds.
The added LTV will apply to regulated and unregulated bridge financing applications for standard residential properties.
All other key criteria remain the same.
“We are pleased to announce this increase to our highest LTV value for AVMs,” said Gareth Lewis, general manager of finance.
“This enhancement reflects our ongoing efforts to streamline the application process and provides our brokers with more competitive and easier access to financing solutions for clients.”
“By increasing LTV to 65%, we provide our clients with greater lending capacity to support them in effectively achieving their property goals.”
