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Approved Bank Valuers

Discussion in 'Property Finance' started by Wade 75, 28th Sep, 2015.

  1. Wade 75

    Wade 75 Member

    Joined:
    28th Sep, 2015
    Posts:
    7
    Location:
    Brisbane
    Hi. I have my loans with Bank of Qld and need to have one of my properties valued. The property is a block of 3 flats and the valuation fee is $1300. The bank has to accept the assigned valuer. I am able to find my own valuer but they have to be on their panel of approved valuers. Any help on property valuers that are approved by Bank of Qld would be greatly appreciated.
    Thanks.
     
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
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    641
    Location:
    Sydney
    You need to ascertain the panel of valuers that they use from BoQ.

    Big question - others lenders do not charge you for the valuation of 3 units on a single title. Is BoQ charging you the valuation fee? If so I would seriously negotiate that.
     
  3. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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    Location:
    Adelaide, SA
    As Shahin has mentioned, if they're charging you it may be worth getting them absorb the cost - better in your pocket than theirs.
     
  4. Wade 75

    Wade 75 Member

    Joined:
    28th Sep, 2015
    Posts:
    7
    Location:
    Brisbane
    I need the valuation to release a guarantor. Have not had any luck with them absorbing cost or reducing cost. The bank will not tell me anyone on their panel of lenders but can tell me yes/no if I ask. Think I will get some quotes and then call BoQ back. Would be handy if anyone out there new some of there approved values.
     
  5. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,173
    Location:
    Adelaide, SA
    What's the loan amount roughly and product/rate/lvr are they offering for this release? It may be a case that you may find another lender would take this on without charging val fee's, pay a refinance rebate - if you can get a better a rate in the process it may be a no brainer.