Avamore Capital appoints VAS Panel to expand in-house valuation panel database
Avamore Capital has appointed VAS Panel to run alongside its own in-house panel management database.
Under the terms of the latest agreement, VAS Panel’s comprehensive database will be used in core geographical areas to ensure the most relevant third-party RICS-qualified surveyors are instructed based on location, deal type and value.
To maintain high reporting standards, VAS Panel will operate their market-leading quality control processes to ensure clients have the greatest confidence when making lending decisions.
Gina May, co-founder of VAS Group, said: “As part of our market evaluation process we have followed Avamore for a number of years, and we knew that VAS Panel could play an important part in their market growth strategy.
“The conversations with the lender from the outset were very productive and we will work in close partnership to ensure all targets are met.”
Philip Gould, head of underwriting at Avamore Capital, said: “Now, more than ever, having dependable partners is fundamental to getting deals over the line and so the collaboration with VAS Group has been agreed at an excellent time.
“We currently have a strong panel of our own advisors but, as volumes increase it is important that we have access to a wide range of highly proficient professionals across our core geographies. VAS enables us to access them easily as well as staying on top of service levels and providing industry leading quality control.
“Furthermore, VAS Panel has recently launched Project Monitoring, a new service which provides national coverage of monitoring surveyors throughout the country, which considering our focus on development finance is a huge benefit to us.
