This deal means that advisors can access an accurate value of the property in order to make a more accurate and assured product recommendation. With a Hometrack value check and full valuation, intermediaries will obtain the independent and accurate house valuation report in seconds and have the confidence of knowing that Hometrack’s Valuation Report is based on the same property valuation system used by high street banks and mortgage lenders. This service will be offered to all standard users until 15 June 2007.
Trigoldchief executive officer Bill Safran said: “Mortgage advice is often said to be fundamentally about people and property. The profile and history of the individual customer is uncovered by client meetings and the use of credit reference agencies but an accurate valuation of the property has been unobtainable at the onset of the sales process. This partnership represents a huge leap forward in the advice process as it enables intermediaries to begin the sales process in possession of all of the key facts. Hometrack are providers of the market leading AVM and because of this are a natural fit with Trigold, the leading sourcing provider.
“We’re also delighted that Hometrack have selected to work with us exclusively and be able to offer a free trial so that brokers can see for themselves just how useful this facility will be. I’m pretty sure that most of our users will be like me and the first property they look up will be their own.”
David Catt, commercial director, Hometrack, commented: “The intermediary mortgage market has evolved to the point where advisors are demanding the same tools that lenders use. This benefits everyone, not least the end customer who will now have a level of advice and confidence higher than ever before.
“Through instant online valuations, advisors can help their clients understand the valuation a mortgage lender may place on their property, have greater confidence that the mortgage application will be accepted and even use the AVM as a negotiation tool when making an offer on a property.”
