RCS - LSL Property Svcs. - Update on Data and Automated Valuation Model

LSL Property ServicesAnnouncement

13/01/2026 07:00

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RNS Number : 5368O  LSL Property Services PLC  13 January 2026

RNS Reach

 

13 January 2026

LSL Property Services plc ("LSL" or "Group")

Update on Data and Automated Valuation Model for Surveying & Valuation
Division

 

LSL, the leading B2B platform for UK residential property market services, has
recently signed its first Automated Valuation Model ("AVM") contract with one
of the UK's largest banking groups, reflecting the Surveying and Valuation
("S&V") Division's product suite expansion and commitment to technological
innovation.  e.surv is the residential property valuation market leader in
the UK through its comprehensive property risk expertise and is the only
provider that offers AVM, remote and physical property valuations.

A market leader with a long track record of innovation

As the UK residential valuation leader, the LSL Group, has almost 500
surveyors, c38% market share of surveyor-led valuations across UK mortgage
lenders serving six out of the seven largest lenders.  The S&V Division
has consistently retained and won new lender allocations during the past five
years. This positive momentum has followed a strong period of strategic
investment in innovative, data driven lender property risk and valuation
products and services, further building a growing reputation for residential
property technical expertise. The Group has extensively integrated robotic
process automation, currently deploying over 70 robots within the S&V
Division.

LSL has a long track record of product and technology innovation over the last
20 years, including the first in the industry to launch remote valuations at
scale in 2018 and now its AVM product.  This predictive AI-enabled product
has been in development since 2022. It leverages in-house data science
expertise and prop-tech specialism and has been rigorously tested by several
lenders over the last 12 months.

Creating a new market opportunity for LSL

With the signing of its first AVM contract with a large UK mortgage lender,
the Group has taken its first step into this new market segment, today
accounting for c25% of residential valuations, and the expectation of
increased demand in the future.  To date, AVM products have typically been
used by lenders for lower loan-to-value ("LTV") mortgages. Each lender has
their own rules around use of automated valuation products, subject to
criteria which typically include LTV, type of mortgage, type of property and
the individual lender's risk appetite.

Deepening lender relationships

LSL Group has deep and long-standing relationships with key lenders across the
UK.  The commercial introduction of the AVM is another important development
for the e.surv iQ platform that was launched during 2025, as it brings
together multiple valuation methods into a single solution for lenders,
helping speed up decision-making whilst maintaining appropriate risk controls
and compliance.  The e.surv iQ platform also leverages the Group's three
proprietary datasets focused on cladding, non-traditional construction and new
build properties.

 

Adam Castleton, CEO of LSL, said:

"We continue to make progress across the Group.  The signing of our first AVM
contract at the end of the year is an important development for our Surveying
and Valuation Division. 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."

 

For further information, please contact:

 

 LSL Property Services plc                investorrelations@lslps.co.uk (mailto:investorrelations@lslps.co.uk)
 Adam Castleton, Chief Executive Officer
 Phil Clark, Investor Relations
 Burson Buchanan                          0207 466 5000/ LSL@buchanan.uk.com (mailto:LSL@buchanan.uk.com)
 Helen Tarbet
 Sophie Wills
 Toto Berger
 Jesse McNab

 

 

 

 

Notes on LSL

 

LSL is one of the largest providers of services to mortgage intermediaries and
estate agent franchisees.

 

Over 2,600 advisers representing around 11% of the total purchase and
remortgage market.

 

Its 63 estate agency franchisees operate 293 branches.

 

LSL is also one of the UK's largest providers of surveying and valuation
services, supplying six out of the seven largest lenders in the UK.

 

For further information please visit LSL's website: lslps.co.uk
(https://url.avanan.click/v2/r02/___http:/www.lslps.co.uk/___.YXAxZTpzaG9yZWNhcDphOm86Yjk0NzFiODIyY2U2MmM3MzBhMDU4MDc5Y2Y0NWZhYjc6NzoyNzkwOmUwNTdjYjVhYmMwNmExM2IxYTQ2M2YwYjY5M2JiZDM0ZThiMzNiZGU2ZTY3M2I0YmRhNDE4M2Q3N2Q0MjYyMjk6cDpGOk4)

 

 

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