e.surv, the LSL Property Services subsidary, is the UK’s largest valuation provider, directly employing some 600 residential surveyors and utilising a network of consultant valuers.

It is the panel manager for more than twenty mortgage lenders and entities with interests in residential property.

To support the market through the Covid-19 crisis the firm has extended the deployment of its tailored Remote Valuation solution.

The Remote Valuation solution was launched in 2017, bridging the gap between AVM (Automated Valuation Models) and valuations derived via physical inspection.

With physical valuations on hold, the Remote Valuation solution combines sophisticated risk assessments with third party data and local knowledge from surveyors, enabling e.surv to conduct remote valuations safely and accurately.

While not all cases are suitable for this valuation methodology, many previously suspended applications are now moving forward to completion.

Richard Sexton, Director at e.surv, commented:

“Our tailored solution ensures the safety of our employees and customers, while upholding the excellent standard of service that is expected of us.

“Since the start of the COVID-19 crisis, we have worked closely with lenders to agree an accurate and safe alternative to physical valuation and we are continuing to improve our offering.

“By the end of next week, we anticipate being live with at least 14 lenders from all sectors.

“With some lenders suspending use of AVMs, we anticipate a growth in demand for Remote Valuations in the coming weeks and months.”