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Hometrack has won a contract to supply automated valuation and risk tools to specialist lender InterBay Commercial in support of its buy to let lending business.
Hometrack’s tools will be used by and compliment the work of InterBay Commercial’s chartered surveyor valuation and audit team.
InterBay Commercial, a wholly owned subsidiary of OneSavings Bank plc, has been operating in the commercial mortgage markets since 2006 but has recently moved into the residential buy to let lending space.
Commenting on the three year contract, David Catt, COO of Hometrack said: “InterBay Commercial is one of a number of specialist lenders we’re currently working with who need fast access to accurate, reliable housing market intelligence and risk tools. We are delighted to be working with them.”
Neil Richardson, Real Estate Director of InterBay Commercial added; “InterBay Commercial aims to deliver the best service possible for its key partners and we believe that Hometrack can help us achieve this by providing an efficient and useful tool for our Real Estate department to assess properties. Our service is something InterBay is commended for above our competition and Hometrack assists us in delivering the best service we can.”
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.
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.
London, Tuesday 13th September: Hometrack has been appointed by digital challenger bank, Atom, to provide a range of Automated Valuation Model (AVM) services.
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.