Falcon Bridging Finance, the bridging finance division of specialist financier Falcon Group, has selected VAS Group to undertake its valuation services.
Under the terms of the partnership, VAS Panel will provide a full valuation management service which takes into account location, deal type and value to provide accurate recommendations.
In addition, VAS Audit will provide live auditing to reduce property specific lending risks.
Falcon Group is focusing on bridging finance deals between £2-£10m with applications currently accepted from across England and Wales.
Paul Brooks (pictured, right), head of receivables & asset backed finance at Falcon Group, said: “With over 25 years’ of expertise in the specialist financing industry, it is vital that Falcon maintains its high standard of service.
“We believe that VAS Group reflects our own principles, and through their Panel and Audit divisions, will enable us to reduce completion times and concentrate on the exact needs of our clients while minimising potential lending risks.
“Indeed, these are factors that become ever more important when it comes to large-scale, short-term finance such as bridging.”
Stephen Todd (pictured, left), co-founder and managing director of VAS Group, added: “The work with Falcon Group is a true statement of intent. It clearly demonstrates that a global finance giant understands the benefits of our suite of valuation services for their in-house processes and customers.”
(pictured, L-R): Stephen Todd; Donna-Louise House, head of underwriting at Falcon Bridging Finance and Paul Brooks.