Hampshire Trust Bank (HTB) is now accepting desktop valuations for buy-to-let properties with a maximum loan size of £550k, or £750k within London.
This is on the back of an increase in loan-to-values (LTVs) to 75%.
Alex Upton, commercial director at HTB, said: “We have revised our approach to adopt the use of desktop valuations where possible.
“Valuation is such an important issue, and even though the restrictions have been lifted for physical inspections, this additional ability to use desktops provides an alternative as the industry works through the backlog.
“This approach demonstrates our commitment to giving brokers the tools they need to help their clients navigate through a somewhat uncertain property market.”
Certain property types are excluded.