About our fees
About our valuation fees.
All our mortgage applications need a Level 1 Lender’s Valuation Report. This will be carried out by a valuer that we nominate. If you would like a Level 2 Home Survey, we can arrange this for you. Our free valuation products include a Level 1 Lender’s Valuation Report.
Valuations and Survey types explained.
Level 1 Lender’s Valuation Report
This is also known as a standard mortgage valuation. The lender uses it to check the property gives adequate security for the mortgage. The valuation may involve a physical inspection of the property, but not always. Sometimes an Automated Valuation Model (AVM) or desktop valuation is done. This is where the valuation uses data held about the property types and local area.
Level 2 Home Survey
This used to be called a Homebuyer’s Report. We can arrange this alongside the Lender’s Valuation Report. It is useful for properties of standard construction which are in a reasonable condition. It covers a detailed visual inspection of the property. It includes any additional areas such as accessible loft spaces or cellars. The report will describe the condition of the property. It will list any defects found and recommended actions for improvement. It includes the surveyor’s professional opinion of the market value of the property.
Level 3 Home Survey
This used to be called a Full Building Survey or a Structural Survey. It’s the most thorough report available. Level 3 surveys can be useful for properties:
- of non-standard construction
- which are obviously in poor condition
- which are very old (before 1850)
- that have been majorly altered
- if you’re planning major works or renovations.
A Level 3 survey offers a more in-depth inspection of the property. It won’t include the market value of the property. This detailed report covers all sorts of issues:
- the condition of the building elements
- serious risks and dangerous conditions
- details of repair options
- a timeline for completion
- possible outcomes if repairs are overlooked.
Please note: If we provide a mortgage, this does not imply any warranty that the property is of sound condition. Nor does it imply the price you are paying is reasonable. You should consider whether to have a further inspection or survey carried out. If you are in any doubt, you should discuss this with your solicitor.
Depending on your product, these are the valuation fees which typically apply.
Our Property Valuation Fees:
Purchase Price / Estimated Value | Purchase Level 1 Report | Remortgage Level 1 Report | Level 2 Report (if carried out at same time as Level 1 Report) |
| Up to £50,000 | £130 | £165 | £370 |
| Up to £100,000 | £130 | £165 | £375 |
| Up to £150,000 | £155 | £165 | £425 |
| Up to £200,000 | £180 | £165 | £450 |
| Up to £250,000 | £180 | £165 | £500 |
| Up to £300,000 | £200 | £165 | £550 |
| Up to £350,000 | £215 | £165 | £600 |
| Up to £400,000 | £230 | £165 | £650 |
| Up to £450,000 | £275 | £165 | £700 |
| Up to £500,000 | £300 | £165 | £800 |
| Up to £600,000 | £350 | £275 | £900 |
| Up to £700,000 | £450 | £275 | £1,050 |
| Up to £800,000 | £525 | £275 | £1,175 |
| Up to £900,000 | £575 | £275 | £1,325 |
| Up to £1,000,000 | £625 | £275 | £1,475 |
| Up to £1,200,000 | £795 | £275 | £1,700 |
| Up to £1,400,000 | £895 | £525 | £2,000 |
| Up to £1,600,000 | £1,125 | £525 | £2,250 |
| Up to £1,800,000 | £1,250 | £525 | £2,550 |
| Up to £2,000,000 | £1,350 | £525 | £2,750 |
| Up to £2,500,000 | £1,450 | £750 | £2,950 |
| Up to £3,000,000 | £1,600 | £750 | £3,150 |
| Up to £3,500,000 | £1,800 | £750 | £3,400 |
| Up to £4,000,000 | £2,000 | £950 | £3,700 |
| Up to £4,500,000 | £2,250 | £950 | £4,000 |
| Up to £5,000,000 | £2,500 | £1,150 | £4,300 |
More information? You got it.
If you have a question about our mortgages which we haven’t covered, we’ve put together a list of common enquiries. We’ve also compiled some helpful documents, tools and links.
