TMG (RVR) Guide

Registered Valuation Report

(RVR) Guide

Registered Valuation Report

When a Registered Valuation Report (RVR) Is Required for Your Loan

Lenders may request a Registered Valuation Report (RVR) in various situations. Common reasons include:

Your deposit is less than 20%
The purchase is a private sale
The property is newly built
The property is of high value
The agreed purchase price falls outside the bank’s internal valuation estimates
Other factors such as the style, condition, or location of the property

In most cases, the bank will require the valuation to be ordered and paid for through their approved valuation ordering system. However, in some circumstances, you may need to engage a registered valuer directly.

The Mortgage Girls will guide you on the appropriate process—whether your valuation must go through the bank’s ordering system or can be arranged independently.

In most cases, the bank will require the valuation to be ordered and paid for through their approved system. However, in certain situations, you may need to engage a registered valuer directly.

If your lender permits you to choose your own valuer, you can select one that meets the lender’s requirements. Alternatively, here are a couple of valuers we work with regularly.

Ryan Teear

Haki Anderson

Tips for First Home Loan Clients

Lenders often require an RVR to confirm the value of your home.

Your RVR needs to include the following:

1. This needs to be written by a qualified Valuer who holds one of the following qualifications: FNZIV, ANZIV, or SPINZ.

2. Contain at least 5 comparable sales – properties used as comparable sales must be within 10km of the valued property and of a similar size.

3. The valuation needs to be prepared in the name of the customer and extended to The Lender and Kainga Ora.

Where/if your RVR comes through showing a value lower than your purchase price, we will be in touch to discuss the options.

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Disclaimer: The Mortgage Girls Ltd believes the information in this publication is correct as at May 2024, and it has reasonable grounds for any opinion or recommendation found within this publication on the date of this publication. However, no liability is accepted for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this publication. Nothing in this publication is, or should be taken as, an offer, invitation or recommendation to buy, sell or retain any investment in or make any deposit with any person. The information contained in this publication is general in nature. It may not be relevant to individual circumstances. Before making any investment, insurance or other financial decisions, you should consult a professional financial adviser. This publication is for the use of persons in New Zealand only. Copyright in this publication is owned by

The Mortgage Girls Ltd. You must not reproduce or distribute content from this publication or any part of it without prior permission.