Property Valuation

The property is the lender's security.

For new loans, a valuation report of your property will be required from an independent valuer. If you are building, inspection reports will also be required at various stages of construction.

The valuation takes into account all aspects of the property's worth, especially construction, location, comparable prices in the area and improvements. These reports will be held for the term of the loan and the costs involved in obtaining them must be paid prior to the processing of your loan application. For existing loans, your loan consultant will advise you of the requirement for a valuation. You will be charged a valuation/inspection fee for your home loan or line or credit.