VAS Panel has completed over £100m worth of valuations, in eight months, for the term mortgage business of challenger bank, Redwood Bank.
The bank, which provides individually assessed mortgages for business owners and professional landlords, utilises VAS’s valuation panel management service to instruct third-party valuers to provide loan security valuations based on location, deal type and value.
Gary Wilkinson, CEO and co-founder of Redwood Bank, said: “We have thoroughly enjoyed working alongside VAS and appreciate the hard work that they do to support us here at Redwood. Their excellent panel valuation service allows property specific valuation matters and lending risks to be clearly identified, and at an early stage as possible, therefore greatly benefiting both ourselves and our customers.”
“It has been a pleasure to work alongside Redwood Bank to support all their valuation needs,” added Stephen Todd (pictured), co-founder and managing director of VAS Group.
“Whilst we have primarily made our name in the short-term finance sector, we are increasingly working in the term space with lenders who can see the tangible benefits of our systems and procedures.”