"The first three months have proven to be hugely successful, all valuations are being undertaken quickly and accurately and as such we are starting to see completion times reduce."
Valuation panel management service, VAS Panel, has completed £50m worth of instructions in the first three months of a new partnership with Oblix Capital.
The agreement, which sees the company provide panel management services across the entire lending portfolio, was announced in February 2018 and utilises its bespoke database to ensure the most relevant companies are instructed based on location, deal type and value.
Oblix says the partnership is "a further step to reduce the time taken to complete bridging and development loans".
Anuj Nehra, managing director of Oblix Capital, said: “The first three months have proven to be hugely successful, all valuations are being undertaken quickly and accurately and as such we are starting to see completion times reduce.
“We have already received plenty of positive feedback from our third-party intermediaries and borrowers who simply want a competitive, efficient and speedy process."
Gina May, co-founder and director of operations at VAS Group, added: “Our tailor-made valuation panel ensures that every instruction is handled quickly by an experienced, local expert who understands the exacting requirements of our lender clients.
“This allows our clients, such as Oblix to improve their service and focus on their core business, all in the confidence that the valuations they instruct are the most accurate on which to base lending decisions.”