Castle Trust appoints e.surv as primary valuer
Castle Trust, the new specialist lender which launched on 1 October, has appointed e.surv chartered surveyors as its primary valuations supplier.
e.surv will be the primary valuer for Castle Trust’s Partnership Mortgage, which grants the borrower 20% of the value of their home in addition to their existing mortgage from another lender.
Richard Sexton, director of business development at e.surv, commented: “With the economy stuck in the mud, and funding lines restricted, the mortgage market has been crying out for a lender to come up with innovative ways to improve mortgage availability. Castle Trust’s Partnership Mortgage does exactly that. It is outside-the-box thinking which will help more people access the finance they need.”
Prior to Castle Trust’s launch, e.surv worked closely with the lender to instil best-practice methods for its mortgage valuations. This included offering advice on how valuations are reported, as well as improving the guidance the lender offers to the valuer in the field.
James Neave, head of lending at Castle Trust, said: “e.surv’s guidance has been invaluable in helping us refine and perfect our valuations procedures ahead of our launch onto the market. Their advice on best-practice will help us meet our TCF obligations more effectively and improve the operational efficiency of our mortgage valuations.”