Mortgage and Finance
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In most cases instructions to Valuers to undertake market valuations for mortgage and loan security purposes should be received from the lender and not from the borrower.
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It is important that the instructions should be between the party relying on the valuation (the lender) and the Valuer. Lenders should issue instructions direct to the Valuer.
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It is recognised that intending mortgagors (borrowers) may instruct valuers to provide a valuation for borrowing purposes and these valuations are addresses direct to the mortgagors, however can be reassigned to a particular lender.
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This is generally considered an undesirable practice as lenders may have specific areas that may need to be addressed within the particular valuation.
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Please contact us to discuss your specific requirements and we will be able to offer comprehensive advice to best cover your circumstance.