Yes. The customer may submit a property valuation report obtained from another credit institution issued less than six months prior to the credit institution, provided that the report has been made by an appraiser of real estate properties accredited with the Securities Market Commission (CMVM) at the request of another credit institution. The appraiser of the property must not be in a position of incompatibility regarding the property valued or the entities involved.

The institution may refuse a property valuation report submitted by a customer only if that report does not meet the legal requirements or has been issued more than three months prior and relevant market changes have occurred. The credit institution must inform the customer of the refusal in a durable medium within five working days of receiving the report.

If the credit institution refuses a report that meets the requirements set out, it cannot charge the customer new fees or other expenses related to the valuation of the property.