What is an NWWI valuation report?

Strict quality requirements by NWI for property valuation

Only values who meet strict quality requirements are affiliated with the NWI. Though continuous monitoring of appraisals and values, the quality of a NWI valuation is guaranteed. All lenders in the Netherlands accept a valuation report validated by the NWI, and most lenders even require a valuation report validated by the NWI for non-NWI financing.

What is the NWI?

The NWI was established to offer lenders, intermediaries and consumers greater certainty about how the value of homes has been determined, to help prevent valuation fraud. The Netherlands Woning Waarde Instituut, the NWI, validates (approves) valuation reports of certified affiliated valuers and ensures that each valuation is drawn up uniformly and according to clear guidelines.

What are the values of the NWI?

The NWI stands for high-quality and objective valuations. All appraisers work in a uniform, digital manner. Only values who meet strict quality requirements are affiliated with the NWI. This continues monitoring of appraisals and values guarantees the quality of a NWI valuation.

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Do all mortgage lenders accept NWI validation reports?

Yes, all lenders in the Netherlands accept a valuation report validated by the NWI. Virtually all lenders now require a valuation report validated by the NWI, especially for NHG financing.

When do you need an NWI appraisal report?

The WEW (administrator of the NHG) has established that a valuation report for financing an NHG mortgage may only be accepted if it has been 'validated' by one of the nominated recognized by the WEW. Validation means checking whether the appraiser and the appraisal report meet the strict quality requirements as prescribed by the WEW.

Why is an NWI appraisal report important?

An appraisal report is an important risk management tool for you and for the lender. Control and complete substantiation of an appraised value of your property is important for all parties. Validation ensures a fair appraisal.

As a consumer, the NWI gives you insight into how the value of your home has been determined. The appraisal report provides an extensive substantiation and explanation by the appraiser, as well as 6 relevant photos of the home and various model values that guarantee a higher quality of the appraisal report. The NWI is a non-profit foundation and does not distribute assignments or appraise the homes themselves.

NWI validation report and its values

• The NWI is non-profit
• If a predetermined desired value is stated, which conflicts with BVS regulations, the NWI will not accept the report to lenders
• NWI validates different types of valuation reports
• The NWI contributes to the prevention and detection of fraudulent valuation reports
• The NWI wants to contribute to better positioning and image of the appraiser in the financial world
• The NWI does not make price agreements and does not award assignments to appraisers

How do NWI property validations work?

The appraiser works within a set working area of up to 20 kilometers around your home. When you have indicated to the appraiser that you specifically need a NWI valuation, they will accept your appraisal assignment and then indicate to the NWI which property will be appraised.