In Polish: Operat szacunkowy
This is the word you will see in bank documents.
Definition
A valuation report (operat szacunkowy) is a document in which a licensed property valuer determines the market value of a property. For a mortgage it is usually ordered by the bank and paid for by the borrower. To calculate LTV the bank usually takes the lower of the two: the price in the agreement or the valuation.
What it means for you
The valuation decides how much the bank will lend. If it comes in below the price, the maximum loan falls and you cover the difference from your down payment. A lower valuation can also raise the margin if the LTV crosses a threshold in the bank's table.
Full entry in Polish, with a worked example and sources
Frequently asked questions
How much does a valuation for a mortgage cost?
For a flat usually about PLN 400–1,000 according to the bank's price list. More for a house. Some banks refund the cost in promotions.
Does the bank lend against the price or the valuation?
Usually against the lower of the two. If the valuation is below the price, you need a larger down payment.
Can I appeal against the bank's valuation?
Yes, by a complaint with evidence. The bank may order a correction or verification, but is not obliged to change the value.
Related terms
Definitions are simplified and reflect Polish law and bank practice as of October 2026. Where every word matters, the Act and your loan agreement decide. Figures in examples are indicative and are not a bank offer. The Polish version of each entry has worked examples and sources.
Other terms in “Application, decision and documents”