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Hometrack appointed residential property data analysts for Virgin Money mortgage valuation services

On 20 April, 2015

London, March 2015 – Hometrack has been appointed residential property data analysts to provide Automated Valuation Model (AVM) services to Virgin Money under a three-year licence.

The Hometrack AVM uses proprietary data & algorithms to provide the UK’s market leading automated valuation tool. The Hometrack AVM was launched in 2002, and is currently used by 8 of the UK’s top ten mortgage lenders for origination. It is the only model to have been analysed and referenced by all three major ratings agencies and incorporated in over 45 RMBS issuances. Hometrack was founded in the UK in 1999 and is trusted by major mortgage lenders, housing authorities and property developers in both the UK and Australia.

Virgin Money’s Mortgage Director Peter Rogerson said: “Hometrack’s experience in the AVM space is considerable and widely acknowledged. We were impressed by their insight, understanding and experience within the housing and lending markets. Utlising Hometrack AVMs on a small proportion of mortgages allows us to provide an improved service to our customers and intermediaries, whilst maintaining our responsible and affordable lending principles. We look forward to working with Hometrack more closely in the years ahead.”

Hometrack Chief Executive Officer Charlie Bryant, said: “We are delighted to be working with Virgin Money following what was a competitive tender process. We know that our clients need a clear body of evidence on which to base their decisions and that we need to be able to demonstrate superior performance across all key selection metrics. Our services will provide Virgin Money with evidence and insight to help make informed business and strategy decisions about the residential property market.”

September 2016 Hometrack UK Cities: London records lowest quarterly growth for 20 months 20 October, 2016

The latest Hometrack UK Cities Index reveals that in the three months to September house price inflation in London recorded the lowest quarterly growth for 20 months.

August 2016 Hometrack UK Cities: UK city house price inflation slows to 8.2% 23 September, 2016

The latest Hometrack UK Cities Index reveals house price growth has fallen to 8.2% as the slowdown seen in cities across the south of England in recent months intensified in August.

Hometrack to provide AVM services to Atom Bank 13 September, 2016

London, Tuesday 13th September: Hometrack has been appointed by digital challenger bank, Atom, to provide a range of Automated Valuation Model (AVM) services.

July 2016 Hometrack UK Cities: UK city house price inflation running at 9.5% but starting to slow as rate of growth in North and Scotland set to outpace London and the South 26 August, 2016

The latest Hometrack UK Cities House Price Index reveals a marked slowdown in house price growth over the last three months, led by a deceleration in London and other high value cities across the south of England.