We lend against appraised value, so the appraisal is the document that moves a file fastest — or holds it up longest. This page is the approved panel and what we expect a report to contain.
Approved panel
Appraisers we accept without a second look.
List to followThe approved appraiser panel will be published here. Until it is, email deals@lendmax.ca before you order and the desk will confirm whether the appraiser you have in mind is on it.
Ontario
Panel list to be published.
British Columbia
Panel list to be published.
Alberta
Panel list to be published.
What we need in the report
Full narrative or short-form report, dated within 90 days
Addressed to, or redirected to, Lendmax Capital
Interior inspection — exterior-only reports are reviewed case by case
Three comparables with adjustments shown
Estimated marketing time, and a note where it is unusual
Rental files: the market-rent schedule alongside the lease
What slows a report down
An appraisal older than the market it is describing
No appraisal redirection where the report was ordered for another lender
Comparables from a different market drawn in to support value
Condition issues photographed but not commented on
An appraiser outside the panel, unflagged before the order
An appraisal ordered for another lender can usually be used — send the appraisal redirection with it. The form is on the Forms page.
Not sure whether your appraiser is on the panel?
Ask before you order. It costs one email and can save a re-inspection.