Mortgage Next is to provide its brokers with a tool to check property valuations quickly and easily.
The system will help ensure clients’ estimated valuations are realistic before going ahead with a mortgage application.
Mortgage Next is offering the facility to members for £5 per month, which will allow an unlimited number of valuations to be carried out, via the Trigold sourcing system.
The system uses Hometrack data to calculate the value of a property with just a few details, and quickly informs the broker of the value.
Lisa Barber, sales and marketing director at Mortgage Next, adds: “This facility is particularly useful in remortgage situations as it enables mortgage brokers to verify clients’ estimate of the worth of their property and therefore submit a mortgage application with greater certainty.”
In addition, Mortgage Next is offering free valuations reports until 31 March, providing a wealth of information to clients. Barber says the report is a good value added service, which will allow clients to better understand the value of their property.
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