The mortgage valuation is to assess whether or not the property you want to buy provides enough security to the Society for your mortgage. To get this information we may ask our valuer to visit the property and produce a report.
As the standard valuation is only for our use, you may also choose to arrange your own homebuyers report and valuation or a full building survey.
The cost of the valuation depends on the purchase price of the property. The following scales of fees apply:
Purchase Price*/ Valuation
Standard Valuation Fee (£)
Homebuyers / Scheme 2 (£)
|Up to £100,000||140||375|
|Up to £200,000||185||475|
|Up to £300,000||225||575|
|Up to £400,000||325||675|
|Up to £500,000||425||750|
|Up to £600,000||525||845|
|Up to £700,000||625||940|
|Up to £800,000||725||1,060|
|Up to £900,000||825||1,185|
|Up to £1,000,000||925||1,310|
|Up to £1,500,000||1,200||1,735|
|Up to £2,000,000||1,600||2,160|
|Up to £2,500,000||1,925||2,760|
|Up to £3,000,000||2,225||3,360|
|Up to £3,500,000||2,550||3,960|
|Up to £4,000,000||3,125||4,560|
|Up to £4,500,000||3,425||5,160|
|Up to £5,000,000||3,725||5,760|
|Further advance reinspections||70***|
* The fee charged is normally based on the purchase price of the property at the time of the inspection. If the price you are paying is preferential, or it is not known at the time of inspection, we will charge the fee based upon the valuation figure.
** Where a loan is made on condition that the property is completed or that certain work is done, a reinspection is necessary and the appropriate fee will be charged.
*** When taking additional borrowing on your current mortgage with us and where the total borrowing is over 60% LTV. As the standard valuation is only for our use, you may also choose to arrange your own homebuyers report and valuation or a full building survey.