Valuation appeal form
Customer submission
This document must be typed not handwritten.
Date:
Applicant name
BDM / RM / underwriter
Property type
Address
Applicant name (if different)
Purchase /
Re-mortgage
Number of beds
DD/MM/YYYY
Telephone
Email address
Broker name
Mortgage reference number
Purchase price /
Estimated value
Rental /
Estimated rental
£
£
Postcode
© Aldermore Bank PLC. Aldermore Bank PLC is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority. (Financial Services Register number: 204503).
Registered Office: 1st Floor, Block B, Western House, Lynch Wood, Peterborough, PE2 6FZ. Registered in England.
Company No. 947662. Telephone calls may be recorded or monitored for security and training purposes.
ARM91-715-400065
The Valuation Process
Upon instruction the valuer will proceed to inspect the subject property and provide a considered opinion of value utilising the comparative method as defined by the RICS, and as agreed by
Aldermore Bank. The valuer will have conducted a review of available comparable evidence and selected those properties considered most relevant at that point in time. Ideally such
properties will be of similar type, style, size, location etc. to the subject property and recently sold. In circumstances where the sales of similar properties are not readily available, the valuer will
provide a considered opinion of value having regard to his/her detailed and in depth understanding of the market, appropriately comparing and contrasting the attributes of the subject to that of
the next best sales evidence available.
In order to consider the Appeal Aldermore Bank requires:



Minimum of three suitable comparables - details of sales or lettings (if buy to let) of similar properties in close proximity. The transaction must have completed within the last 180
days. Please note the Valuer will verify the details before consideration of the Appeal. Estate Agents marketing letters, details of unsold/unlet properties, automated valuations,
indexed valuations, previous or other Valuer opinions of value are not suitable for consideration.
The Appeal must be submitted within 7 working days from the date that you were made aware of the valuation.
For New Build properties comparables must include a range of both new and second hand properties. All new build comparables must be supported by the Disclosure of Incentives
Form(DIF) so that full consideration can be given to any incentives and discounts applicable and comparison to the subject property.
Commentary - Please provide explanation and any background information to justify increase
Eg.
Property
address
Postcode
123 High Street,
Bedford
MK40 8JT
Property
type
ETH
Beds
3
Description / Comment
Selling Agent
including contact
number
Date
sale / let
1930’s house, large
garden, garage,
conservatory,
modern/refurbished
Dave, ABC
Properties
Tel: 0000 000000
01/04/13
Sale price
£ 150,000
New
Build
Y/N
DIF
Form
Y/N
N
N
Monthly
Rental
£ 550
1
£
£
2
£
£
3
£
£
The Appeal will be returned and not investigated if it has not been completed correctly or items fall outside the criteria without full explanation.
Valuer response
Guidance Notes for Valuer
To be completed by the individual valuer reviewing the original valuation. This document must be typed not handwritten.
DD/MM/YYYY
Date:
Aldermore Bank requires that on appeal the valuer considers and provides feedback on all comparable data and commentary submitted. Aldermore Bank will contact the
customer/Broker directly with your response to discuss the outcome and therefore the feedback on comparables and rationale should be clear and appropriate.
Please note - Incomplete forms will be referred back to the Valuer.
Valuer Commentary
1
Detailed comment / feedback on the comparables submitted by the Customer / Broker to explain why suitable / not suitable
2
3
Valuation
Increase/Amendment +/-
New Report Issued
£
£
Yes
No
Date
Please provide a statement to explain why an amendment is appropriate in this instance:
Name of Valuer
Valuer Qualifications
Company