Financial Guide for SMEs - SME Corporation Malaysia

Financial Guide for SMEsChange in valuation of your securityBefore you commit to a change of lender or product, you need to ensure thatyou have a fi rm letter of offer in place and not one that is subject to satisfactoryvaluation or a third-party validation (such as a mortgage insurer) on the securityrequired. Different lenders can come back with lower or higher valuations ofyour property, depending on the value used or the current market conditions.Impact of leaving a long-term banking relationshipYou need to assess the strength of your long-term relationship with yourcurrent lender. Are there some intangible benefi ts that you have now, becausethe current lender knows your banking and business history, which you may notget in a new relationship?147chapter 7-13 p79-181 Eng.indd 1478/15/11 5:03:06 PM