9.1 The council will obtain a valuation of the property offered as security before entering into a deferred payment agreement.
9.2 The council will arrange for revaluations to be obtained when the amount deferred is equal to or exceeds 50% of the value of the security and periodically thereafter to ensure that the equity limit is not breached. See also section 12 Equity Limit.
9.3 The adult or their representative can request to arrange an independent valuation. Substantial differences between council and independently arranged property valuations must be resolved before proceeding with the agreement.
9.4 The adult or their representative is responsible for the cost of all valuations whether arranged by the council or by themselves.
9.5 The adult or their representative may elect to add valuation costs to the deferred amount or to pay the costs separately.
