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Valuation Report for mortgage

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  • 08-02-2006 1:50pm
    #1
    Lex Luthor
    Registered Users Posts: 11,220 ✭✭✭✭


    I got my mortgage pack recently with the valuation report needed for the bank. So I sent it to the estate agent who I thought could just fill in the amount and stamp it.

    Nope, sorry it would be a conflict of interest for us to fill in a valuation report on a house we are selling.

    Is she filling me with $hit or is she for real?

    I bought a house last year and the estate agent who sold it filled in the form no problem. Carged me €60 for the priviledge, but none the less it got done swiftly.

    This estate agent currently said she would pass it to the estate agent across the road and they would do it for me.

    Does this sound normal?


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    #2
    jhegarty
    Registered Users Posts: 6,440 ✭✭✭jhegarty


    thats all correct and above board...


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    #3
    damienirel
    Closed Accounts Posts: 949 ✭✭✭damienirel


    The auctioneer that is selling me the house is charging me for a valuation of the property which needs to be done to draw down a mortgage.
    This mortgage already pays the auctioneers - who - lets face it don't have that hard of a time these days. Why is it then they aren't forced by law to perform the valuation? It seems ridiculous.


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    #4
    antoinolachtnai
    Registered Users Posts: 9,787 ✭✭✭antoinolachtnai


    Definitely a conflict of interest. There has to be a different agent. If you have a mortgage broker, ask them to sort it out.


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    #5
    Lex Luthor
    Registered Users Posts: 11,220 ✭✭✭✭Lex Luthor


    antoinolachtnai wrote:
    Definitely a conflict of interest. There has to be a different agent. If you have a mortgage broker, ask them to sort it out.
    Estate agent on the same street did one for me...€130+VAT


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