The Client’s Situation

A property investor approached us seeking to refinance one of their properties to release equity for their next purchase. The property in question was in good condition, fully let, and producing a stable rental income. However, the investor wanted to avoid the delays and costs associated with a physical property survey.

The Challenge

Most lenders require a physical inspection, which can increase costs by several hundred pounds and delay completion by several weeks. In competitive markets, those delays can mean missing out on new opportunities. Our client needed a faster, more cost-effective route that still met lender requirements.

Our Solution

At Advocate Finance, we reviewed the client’s circumstances and lender options, identifying that they qualified for a Free Automated Valuation Model (AVM), a computer-based valuation method that uses market data and property characteristics to generate an accurate value without a site visit.

• Confirmed the property type and tenancy arrangement met AVM criteria
• Approached suitable lenders offering free AVM valuations
• Presented refinance and product options that aligned with the client’s long-term goals
• Managed the entire application process to ensure a smooth, quick turnaround

The client’s strategy formed part of the Buy Refurbish Rent Refinance (BRRR) method, so timing and cost efficiency were crucial to keep their plans on track.

The Outcome

• No survey costs, the client saved approximately £350 in valuation fees
• Faster completion, the refinance was finalised in under three weeks, allowing the investor to move forward with their next purchase without delay
• Competitive rate secured, the client obtained a favourable interest rate in line with market-leading buy-to-let refinance products

Why This Matters for Investors

A free AVM refinance can save both time and money, reduce transaction friction when building a portfolio, and keep deals moving in competitive markets. If you own a rental property in good condition with reliable tenants, you may qualify for this option.