Are valuations influenced downwards based on a higher LVR.
That is, if I go for a loan based 80% LVR is the bank less likely to influence the valuation compared to a 90% LVR. (Assuming of course that banks do have some influence on the final valuation).
James
georgisj, your last statement answers your own question. The banks do not have any influence over a valuation ( they shouldn’t anyway ). But obviously, the valuation will have an influence on the LVR.
Cheers
“Looking forward to the day when I can tell the boss where to go”
Valuations are not at all influenced by the LVR. Banks do not influence valuations unless they suck up and buy us a case of french wine…
So how is the cellar going 1HotValuer?[biggrin]
James
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