Valuation fees

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The valuation and survey fees shown here are for work carried out by Colleys, the valuation and surveying service of Lloyds Banking Group, or by another valuation and surveying firm appointed by us.

For remortgages where there is no valuation or survey, we carry out an assessment of the property at no charge to your client. There is no process to appeal the result of the property assessment made on remortgages.


Valuation types

There are three types of valuation and survey

  • Valuation only (Level 1) - a brief report on the property and its market value.
  • Survey and valuation (Level 2) - gives guidance on defects and other issues which could affect a decision to buy. We base our lending decisions on the valuation aspects only.
  • Building survey and valuation (Level 3) - a detailed report on the condition of the property. We base our lending decisions on the valuation aspects only.

Fees

Fees are based on the property purchase price. Fees for a building survey and valuation are available on request.

Purchase price no more than

Valuation only

Survey and valuation

£50,000

£240

 

£100,000

£280

£465

£150,000

£315

£495

£200,000

£355

£545

£300,000

£430

£665

£400,000

£500

£795

£500,000

£565

£940

£600,000

£620

£1,080

£700,000

£680

£1,225

£800,000

£735

£1,365

£900,000

£790

£1,510

£1,000,000

£845

£1,650

£1,200,000

£960

£1,850

£1,400,000

£1,070

£2,055

£1,600,000

£1,185

£2,255

£1,800,000

£1,295

£2,460

£2,000,000

£1,410

£2,660

£2,200,000

£1520

£2865

£2,400,000

£1635

£3065

£2,600,000

£1745

£3265

£2,800,000

£1860

£3470

£3,000,000

£1970

£3670

£3,200,000

£2085

£3875

£3,400,000

£2195

£4075

£3,600,000

£2310

£4280

£3,800,000

£2420

£4480

£4,000,000

£2535

£4680

£4,200,000

£2645

£4885

£4,400,000

£2760

£5085

£4,600,000

£2870

£5290

£4,800,000

£2985

£5490

£5,000,000

£3095

£5695

£5,500,000

£3375

£6200

£6,000,000

£3660

£6705

£6,500,000

£3940

£7210

£7,000,000

£4220

£7715

£7,500,000

£4505

£8220

£8,000,000

£4785

£8725

£8,500,000

£5065

£9230

£9,000,000

£5345

£9735

£9,500,000

£5625

£10245

£10,000,000

£5910

£10750

The fee includes VAT (if applicable) and a £100 administration charge.

If the purchase price is discounted then the valuation fee will be based on the valuation figure. Prices correct at April 2015.


Revaluation fees

Further advances above 80% of indexed valuation - For further advance applications (including combined product transfer/further advance applications), if the total loan (mortgage plus further advance) exceeds more than 80% (subject to standard lending limits) of the indexed valuation a revaluation is required for the case to proceed.

If your client wishes to proceed and feels that the property value is higher and sufficient that the total lending will be within the maximum 85% limit, they may provide an estimated property value. A revaluation will be required to support the estimated property value being used. The valuation fee to be charged will be based on the estimated valuation keyed.

The fee must be paid in advance by the client before a valuer can be instructed.

Estimated value up to and including (£)

Valuation fee including VAT if applicable (£)

£150,000

£108

£200,000

£128

£300,000

£165

£400,000

£200

£500,000

£233

£600,000

£260

£700,000

£290

£800,000

£318

£900,000

£345

£1,000,000

£373

£1,200,000

£430

£1,400,000

£485

£1,600,000

£543

£1,800,000

£598

£2,000,000

£655

£2,200,000

£710

£2,400,000

£768

£2,600,000

£823

£2,800,000

£880

£3,000,000

£935

£3,200,000

£993

£3,400,000

£1048

£3,600,000

£1105

£3,800,000

£1160

£4,000,000

£1218

£4,200,000

£1273

£4,400,000

£1330

£4,600,000

£1385

£4,800,000

£1443

£5,000,000

£1498

£5,500,000

£1638

£6,000,000

£1780

£6,500,000

£1920

£7,000,000

£2060

£7,500,000

£2203

£8,000,000

£2343

£8,500,000

£2483

£9,000,000

£2623

£9,500,000

£2763

£10,000,000

£2905

Our tracker rate mortgages are linked to Bank of England bank rate (also known as Bank of England repo rate). Details of this rate can be found on the Bank of England website at www.bankofengland.co.uk.

For independent information on mortgages, visit the website 'Money Advice Service'.

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