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I have only managed to successfully challenge valuations three times in 8 years. It is near impossible and you will need to provide comparable sales that the valuer hasn't used in his report. You may also want to find out if the valuation was a desktop, kerbside or a full valuation. If it is was a kerbside or desktop you may want to request that a full inspection is carried out.
Cheers
Most of the lenders will require the guarantor to be a family member but CBA will allow non family members on a case by case basis. Full doc only. Overall LVR needs to be less than 80%.
Cheers
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