Process
Automated Valuation Model (AVM)
An algorithmic property valuation that uses recent sold-comparable data to estimate value — used in place of a physical surveyor visit on standard cases.
AVMs use machine-learning models trained on Land Registry and Rightmove sold data to produce a property value estimate within seconds. When a lender accepts an AVM, it eliminates the £400-£700 valuation fee and saves 1-2 weeks of waiting for a physical survey to be booked, conducted, and reported.
Not every property is AVM-eligible. AVMs typically work on standard residential stock — 3-bed semis, 2-bed flats — in mainstream postcodes. They don't work on HMOs, multi-unit blocks, properties built in the last 24 months, listed buildings, flats above commercial, or anything with non-standard construction.
On our panel, Precise Mortgages run AVMs on standard residential cases up to 75% LTV and £1.5m property value. Masthaven offer AVMs on residential cases at 65% LTV up to £200k or 55% up to £300k. The lender confirms AVM eligibility at DIP stage.