Legal tip 134. Should I pay the bank´s property valuation?
Monday, September 7, 2009 @ 4:12 PM
You are passing your mortgage to a new Bank or you are finally getting financiation from a lending institution, you have got a property valuation of the house dated 3 months ago and made by an official surveyor. Is it not of use? Can the Bank make you have a new one and... pay for it?
The answer is no: according to provision 5 of Law 41/2007, if you have your own property valuation, made by an official surveyor, not older than 6 months, the Bank cannot make you have ( neither pay) a new one.
Stop the banks! How I enjoy it!
Bolonia scenario by Indrasensi at Flickr.com