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Response to VALUATION OF PROPERTY
from pendle (pendle@amun-ra.demon.co.uk)
As far as I am aware there is no statutory requirement for there to
be two valuations on a property. But like when you claim on
insurance, or buy a service (eg builder) its always best to have more
than one quote. The lender may just be trying to cover themselves so
that they can "prove" the market value of the property.
(posted 9190 days ago)
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