Its One Specialist research looked at the reaction of over 200 intermediaries to the introduction of AVMs. The findings were:
- 86 per cent of brokers believed that consumers should be given a choice between AVMs, standard lender valuations, Homebuyer reports and full structural surveys
- 69 per cent believe that it is unfair to charge a premium price for AVMs
Iain Williamson, head of key accounts at BM Solutions, commented: "We realise that offering a choice of valuation allows brokers to best meet the needs of their individual clients. The results show that intermediaries clearly believe that borrowers should be offered a choice of valuation. At BM Solutions they get the choice as well as the AVM being fairly priced."
