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Proactive Lending Solutions is a Credit Representative (CRN 482161) Of BLSAA Pty LTD ACN 117651760 (Australian Credit Licence NO 391237)

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Challenging A Bank Valuation

Are you unhappy with your property valuation? One of the leading valuation management firms has come out requesting that customers stop challenging their valuations. ValEx, VMS and other valuation companies that work with the major banks receive high numbers of dispute requests however few are successful. Additionally, a major bank that we work informed us that only 3% of people successfully challenge a valuation. In other words, don’t bother challenging a bank valuation! However, we disagree with Valex’s assessment that bank valuers are accurate as we regularly see differences of as much as $200,000 between the valuation figures for two different banks. Valuers are only human. They make err

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