Hometrack launches buy-to-let AVM

Realtime Buy-to-let targets properties and large portfolios and includes assessed and market rent outputs. The buy-to-let model uses the price and market information within the existing model and incorporates rental market data from lenders, property portals and surveyors. Lenders can use their own guidelines to decide when and where the buy-to-let AVM result can work as an alternative to the traditional survey. The system generates rental confidence levels to identify the relative quality and risks to the local rental market. The model is instant so lenders can make fast valuations ...