In the current market I have heard of some newly completed properties being valued by UAE banks at approximately 12.5 per cent less than their original purchase value. The banks will only mortgage 75 per cent of the valued property value. So, how can a buyer ensure the bank approves a 75 per cent mortgage on the original purchase price? Are there any methods to get around this? TK, Dubai

When the bank issues a mortgage against the purchase of a property it does so by employing the services of a qualified firm of chartered surveyors to do the valuation. As the valuation is concluded by a third party, the bank has no control on the actual valuation price at all.

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