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."

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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