Transferable valuations

[Donna L]

I am getting a private valuation on a property. They are panel valuers for Westpac. If Westpac won't come to the party and I want to go NO DOCs or something will they accept my valuers value or insist on their own valuation? Basically would be just looking for an asset lend of 80%.

 

[Rolf Latham]

Hi Donna

In most cases the lender wants to instruct their own valuer.

However, if you for example ypu know that they are the panel valuer for Westpac for that postcode, then juts pay them for a val. When Westpac does their own its unlikely youll get a different result

ta

rolf