Valuation fees
The valuation and survey fees shown here are for work carried out by e.surv, or by another valuation and surveying firm appointed by us.
Please note the valuation fee is non-refundable once the property assessment has been carried out.
A mortgage valuation is valid for 12 months. If a mortgage does not complete within 12 months of the valuation being carried out then a new valuation will be required, and a new fee potentially needs to be collected. We will advise you at the time if a new valuation fee is required.
For remortgages where there is no valuation or survey, we carry out an assessment of the property at no charge to your client.
Valuation types
There are two types of valuation and survey
- Mortgage Valuation (Level 1) - this is a basic property valuation for our underwriting purposes only and may not result in a physical inspection of the property. We may ask a surveyor to carry out an internal inspection or Remote Valuation using property details, previous sale/valuation prices and local area knowledge without visiting the property. Or we may use an Automated Valuation (AVM), a combination of historical and market data to compare the property to others in the local area. A report will only be available if a surveyor visits the property. If a physical inspection takes place this will be based on a limited inspection and defects that could affect your client’s decision to buy may not be identified. It should not be relied on for their buying decision. There is not the option to choose the type of Level 1 valuation carried out. It is important the client is aware of the different valuation types and limitations of each.
- Survey and valuation (Level 2) - this gives guidance on defects and other issues which could affect a decision to buy. We base our lending decisions on the valuation aspects only.
Fees
Fees are based on the property purchase price.
|
Purchase price no more than |
Valuation only |
Survey and valuation |
|---|---|---|
|
Purchase price no more than £50,000 |
Valuation only £100 |
Survey and valuation |
|
Purchase price no more than £100,000 |
Valuation only £100 |
Survey and valuation £365 |
|
Purchase price no more than £150,000 |
Valuation only £100 |
Survey and valuation £395 |
|
Purchase price no more than £200,000 |
Valuation only £100 |
Survey and valuation £445 |
|
Purchase price no more than £300,000 |
Valuation only £100 |
Survey and valuation £565 |
|
Purchase price no more than £400,000 |
Valuation only £100 |
Survey and valuation £695 |
|
Purchase price no more than £500,000 |
Valuation only £100 |
Survey and valuation £840 |
|
Purchase price no more than £600,000 |
Valuation only £100 |
Survey and valuation £980 |
|
Purchase price no more than £700,000 |
Valuation only £100 |
Survey and valuation £1,125 |
|
Purchase price no more than £800,000 |
Valuation only £100 |
Survey and valuation £1,265 |
|
Purchase price no more than £900,000 |
Valuation only £100 |
Survey and valuation £1,410 |
|
Purchase price no more than £1,000,000 |
Valuation only £100 |
Survey and valuation £1,550 |
|
Purchase price no more than £1,200,000 |
Valuation only £100 |
Survey and valuation £1,750 |
|
Purchase price no more than £1,400,000 |
Valuation only £100 |
Survey and valuation £1,955 |
|
Purchase price no more than £1,600,000 |
Valuation only £100 |
Survey and valuation £2,155 |
|
Purchase price no more than £1,800,000 |
Valuation only £100 |
Survey and valuation £2,360 |
|
Purchase price no more than £2,000,000 |
Valuation only £100 |
Survey and valuation £2,560 |
|
Purchase price no more than £2,200,000 |
Valuation only £100 |
Survey and valuation £2,765 |
|
Purchase price no more than £2,400,000 |
Valuation only £100 |
Survey and valuation £2,965 |
|
Purchase price no more than £2,600,000 |
Valuation only £100 |
Survey and valuation £3,165 |
|
Purchase price no more than £2,800,000 |
Valuation only £100 |
Survey and valuation £3,370 |
|
Purchase price no more than £3,000,000 |
Valuation only £100 |
Survey and valuation £3,570 |
|
Purchase price no more than £3,200,000 |
Valuation only £100 |
Survey and valuation £3,775 |
|
Purchase price no more than £3,400,000 |
Valuation only £100 |
Survey and valuation £3,975 |
|
Purchase price no more than £3,600,000 |
Valuation only £100 |
Survey and valuation £4,180 |
|
Purchase price no more than £3,800,000 |
Valuation only £100 |
Survey and valuation £4,380 |
|
Purchase price no more than £4,000,000 |
Valuation only £100 |
Survey and valuation £4,580 |
|
Purchase price no more than £4,200,000 |
Valuation only £100 |
Survey and valuation £4,785 |
|
Purchase price no more than £4,400,000 |
Valuation only £100 |
Survey and valuation £4,985 |
|
Purchase price no more than £4,600,000 |
Valuation only £100 |
Survey and valuation £5,190 |
|
Purchase price no more than £4,800,000 |
Valuation only £100 |
Survey and valuation £5,390 |
|
Purchase price no more than £5,000,000 |
Valuation only £100 |
Survey and valuation £5,595 |
|
Purchase price no more than £5,500,000 |
Valuation only £100 |
Survey and valuation £6,100 |
|
Purchase price no more than £6,000,000 |
Valuation only £100 |
Survey and valuation £6,605 |
|
Purchase price no more than £6,500,000 |
Valuation only £100 |
Survey and valuation £7,110 |
|
Purchase price no more than £7,000,000 |
Valuation only £100 |
Survey and valuation £7,615 |
|
Purchase price no more than £7,500,000 |
Valuation only £100 |
Survey and valuation £8,120 |
|
Purchase price no more than £8,000,000 |
Valuation only £100 |
Survey and valuation £8,625 |
|
Purchase price no more than £8,500,000 |
Valuation only £100 |
Survey and valuation £9,130 |
|
Purchase price no more than £9,000,000 |
Valuation only £100 |
Survey and valuation £9,635 |
|
Purchase price no more than £9,500,000 |
Valuation only £100 |
Survey and valuation £10,145 |
|
Purchase price no more than £10,000,000 |
Valuation only £100 |
Survey and valuation £10,650 |
If the purchase price is discounted then the valuation fee will be based on the valuation figure. Prices correct for all new applications from 8th November 2021.
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.
A revaluation fee of £100 will be charged and must be paid in advance by the client before a valuer can be instructed.
The revaluation is for lender purposes only and may be completed using an automated valuation or remote valuation.