Prudential Confirm New Lifetime Mortgage Valuation Providers
Prudential have confirmed that Countrywide Surveyors and Rightmove AVM will be their new joint valuation providers for their lifetime mortgages.
The new business model sees Countrywide Surveyors providing the physical valuations, whilst Rightmove will provide the automated valuation models.
The director of lifetime mortgage at Prudential, Keith Haggart commented: “Countrywide Surveyors and Rightmove had the expertise and capability to serve our valuation needs.
“Their joined up approach on delivering these services will add significant value to our processes for setting up lifetime mortgages for homeowners, and will also help make brokers’ lives that bit easier by streamlining the valuation process.”
New Partnership Will Streamline Lifetime Mortgage Process
The new business model will also see the three organisations help Prudential develop their internal systems, and aid in streamlining their lifetime mortgage valuation process.
Countrywide’s chartered surveyors already produce onsite reports which help accelerate the turnaround process in providing valuations to clients. It is believed that this streamlined approach to valuations was the decisive factor in Prudential’s decision to award Countrywide as their physical valuation provider for their lifetime mortgages.
After being awarded the Prudential lifetime mortgage contract the director of Countrywide Surveyors, Chris Shaw, said: “We’re delighted to be appointed as the sole provider of valuation services to Prudential, especially at a time when the equity release market seems to be gathering momentum.
“Since winning this contract, both Countrywide and Rightmove have been working hard with Prudential’s team to align our processes and also help them develop their internal systems.
“This will enable Prudential to remain at the forefront of the lifetime mortgages sector.”
For no-obligation advice on whether equity release could help you and information on the best plans please call our 24 hour helpline and speak to one of our advisors:
Or use the comments box below to ask a question.
Equity Release may involve a Lifetime Mortgage or Home Reversion Plan. To understand the features and risks ask for a personalised illustration.
Age Partnership provides initial advice at no cost and without obligation. Only if you choose to proceed and your equity release case completes would a typical fee of 1.5% of the amount released or £795 be payable.
Important things to consider about equity release:
- Equity release could affect your current or future entitlement to means-tested benefits
- Releasing equity to spend in your lifetime can reduce the amount that is left in your estate when you pass away
Related posts:
