Philip Santo & Co has developed its specialist AVM consultancy service in response to the increasing importance of AVMs in the residential property sector, while maintaining many attributes of a traditional surveying practice.

Company founder, Philip Santo, is a Fellow of the Royal Institution of Chartered Surveyors with over 30 years of experience in the profession and still undertakes residential surveys and valuations. Involvement with AVMs goes back to 2001, the first days of their introduction to the United Kingdom.

Activities include:

Regular contacts with all AVM providers and links with large and small lenders, supervisory and regulatory bodies and academics. International contacts are increasing as AVM use expands

Designing and supervising original investigations into the effectiveness and suitability of AVMs in the UK

Undertaking comparative tests of AVM providers (up to 25,000 properties per test)

Auditing the existing use of AVMs to ensure full compliance with FSA and CML requirements

Playing a central role in the highly successful incorporation of AVMs within a fully automated process at a top five UK lender

Being contracted to the Royal Institution of Chartered Surveyors to facilitate a Working Party on AVM Standards