LSL Property Services has announced the signing of its first Automated Valuation Model (AVM) contract in an update to the City, in what is a significant commercial milestone for its surveying and valuation arm, E.surv.
The group says it has agreed the deal with one of the UK’s largest banking groups, although it has not yet named it.
First step
According to LSL, the contract represents its first step into the AVM market segment, which today accounts for around 25% of residential valuations, with demand expected to rise over time.
The firm says that the commercial introduction of the AVM will be an important development for its E.surv iQ platform. The platform, which was launched in 2025, brings together automated, remote and physical valuation methods into a single solution for clients, which helps to speed up the decision-making process whilst maintaining risk controls and compliance.
Today, we are the only provider of the full suite of residential survey and valuation products in the UK.”
Adam Castleton (pictured), CEO of LSL, says: “Our team of highly experienced and specialist property tech data scientists has spent several years developing and testing our AVM product to ensure it meets the stringent requirements for UK lenders.
“Today, we are the only provider of the full suite of residential survey and valuation products in the UK, and we are confident this will further strengthen our relationships with lenders and support our growth.”
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