Hometrack has launched Realtime Buy-to-Let which claims to be the UK’s first buy-to-let Automated Valuation Model (AVM), which can be used for both individuals and large portfolios.

The new model which incorporates both an assessed and market rent output will revolutionise the buy-to-let market, as lenders can now instantly gain an enhanced and objective risk assessment of a loan and potentially better inform their landlords.

David Catt, commercial director at Hometrack, said: “The resultant output on each property is individual to the specific property and its associated characteristics. This represents a quantum shift from historic approaches to estimating area average rents or implied yields.

We have already received significant commitment for this product from lenders that have benefited from the market leading AVM, Realtime. The model will offer lenders a distinct advantage over existing practise, delivering invaluable additional information for the buy-to-let market, within an objective risk assessment tool.”