Shawbrook Bank has announced the appointment of VAS Group as its new panel manager.

The move will widen Shawbrook’s valuation panel to support brokers across their bridging finance offering, providing the specialist lender’s intermediary partners with access to VAS Group’s database of qualified valuers.

All valuations for bridging applications will now be instructed via VAS, including term-exit valuations where they have undertaken the initial valuation for the bridging finance. Shawbrook suggested this will enable continuity for its customers when taking out bridge-to-term solutions.

“We are delighted to have been chosen by Shawbrook to be their panel manager for bridging and bridge-to-term valuations,” commented VAS co-founder, Stephen Todd.

“We have a large and varied valuation panel, our own technology and a bespoke team with dedicated departments for each stage of the valuation process. We are looking forward to working with and adding value to Shawbrook and their brokers.”

Shawbrook confirmed that it will continue working with current partner, Appraisers UK, for all term loan valuations and ongoing panel support.

Head of sales for Shawbrook’s Property Finance division, Gavin Seaholme, added: “We remain focused on our plans to enhance our bridging proposition in 2021 and this is just another step which will allow us to further support our brokers in this space.

“The new service with VAS is exclusively available for bridging finance applications, giving our brokers a wider choice of qualified valuers.

“We’re excited to be working with VAS and look forward to seeing the partnership compliment the journey for our brokers and their clients.”

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