Lending criteria for valuations for additional lending
Lending criteria
Valuations for additional lending
A revaluation is required where:
- The new LTV exceeds 70% of the latest valuation (based on the existing borrowing and the proposed additional loan) or
- The latest valuation type on the account is an external appraisal (EA) or desktop (AVM), regardless of LTV or the period since the previous valuation was carried out.
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NEW BUSINESS - ACCORD MSO
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