TSB appoints Hometrack as provider and long term partner for AVM services

May 3, 2017

ZPG Plc announced on their website yesterday 2 May 2017 that Hometrack (which is now part of ZPG Plc) has been appointed by TSB to be its provider and long-term partner for Automated Valuation Model (AVM) services.

The property analytics business will supply the mortgage team at TSB with a combination of valuation and risk services, including the use of the AVM for loan decisions for the next 3 years.

David Catt, Chief Operating Officer, Hometrack said; “To be selected by TSB is an exciting opportunity and testament to the experience and expertise of our team. By integrating our services with TSB’s platform and by working closely with the mortgage division we look forward to enhancing the customer proposition while mitigating risk and delivering cost efficiencies.”

Iain Laing, Chief Risk Officer, TSB added “The data and insight that Hometrack provides to our mortgage business informs our understanding of collateral value and risk, increases our efficiency and helps us deliver higher quality service to our customers. We are delighted to partner with Hometrack as we take our first steps to implementing AVMs within our mortgage offering. Their expertise in the field of AVMs and property risk analytics is unrivalled in the market and will be invaluable as TSB continues to make banking better for all UK consumers.”

Source of information from ZPG Plc

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Letting Agent Talk

Section 21 reform divides landlords and tenants

Five months after Section 21 was abolished, landlords and tenants remain sharply divided over whether the reform was necessary, but both sides agree that good relationships and clear communication have the greatest influence on how secure a renter feels, according to new research from LRG. The Autumn 2026 Lettings Report, based on responses from 405…
Read More →
to let sign 2025
Breaking News

70% of landlords anticipate rent rise due to Autumn Budget

As landlord exodus threatens rental supply The latest research from LegalforLandlords has found that 70% of UK landlords are considering increasing rents following the Government’s latest property income tax changes, while almost half are considering selling properties or reducing their portfolios, raising concerns about the future availability and affordability of privately rented homes. LegalforLandlords commissioned…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

Estate agent earnings fails to keep pace with inflation

Estate agency earnings have failed to keep pace with inflation over the last decade, despite more positive growth in recent years, according to the latest industry analysis from eXp UK, highlighting why more agents may be looking towards the self-employed model to maximise their earning potential. eXp UK analysed Office for National Statistics (ONS) data…
Read More →
Breaking News

Southern landlords face up to £22,000 tax hit

Landlords in the South East could pay more than £22,000 extra tax over 25 years, with those in the South West facing more than £19,000 Property income tax hike squeezes a generation that has turned to bricks and mortar to fund retirement Retirees across the South of England who rely on property to supplement their…
Read More →
Breaking News

Corporate landlords cautiously optimistic after first six months of RRA

Impact of Renters’ Rights Act not as bad as feared for professional investors More than four in five (82%) corporate landlords looking to expand Analysis of data from LRG’s Living Markets division reveals that after six months in force, the Renters’ Rights Act is yet to have any significant negative impact on the corporate landlords…
Read More →
Breaking News

Property market has failed to meet expectations

Two-thirds of developers say property market has failed to meet expectations as Autumn Budget fails to boost confidence Jonathan Samuels, CEO of specialist lender, Octane Capital, believes that the Autumn Budget has done little to restore confidence across the UK development sector, with the firm’s latest industry insight revealing that 67% of developers feel property…
Read More →