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.