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That will likely have a positive effect, although generally will need a few comparables (more than one).

Depending on the lender, valuers are chosen at random. Most lenders use 3-4+ valuers. Also, its less about the valuation company and more about the particular valuer. I have seen 15% variations in vals for the same property, a 50-60k range. Not uncommon to see 100k+ variances for high...

Valuations do incur a cost for the lender, but MANY lenders don't charge the customer this fee. Its basically competition in the mortgage market working. However, given it increases the cost of doing business for lenders, it is naturally fed through into their pricing models. While its not...

Hi alicudi - it just means ordering 3-4 valuers. When brokers order a valuation, the valuer is picked at random. Therefore, if you order 3-4, you're likely to get different valuers. Each valuer may have slightly different views on the property worth, which makes a difference to the amount of...

With Rolf - think of it as 'diversifying' your valuers. Each valuer may have a different opinion. Being able to get a few valuations done, and being flexible to switch lenders (eg not in LMI category, etc) are best ways to maximise the amount of equity to get out. Cheers, Redom