Valuation Fee Scale

Valuation fees are payable on application and non-refundable.

Desktop Valuations

Desktop valuations may be considered in the following circumstances: 

•    Standard residential remortgage from a first charge lender (not available for Buy to Let remortgage or a remortgage of an unencumbered property)
•    Maximum loan to value 60%
•    Maximum loan £500,000
•    Properties must have been built for more than 24 months
•    Maximum property value of £1m outside M25 or £1.5m inside M25 (Central London properties considered on a case by case basis)
•    Flats in converted houses/maisonettes less than 6 storeys
•    Postcodes mainland UK only

Scottish Properties

  
The Society can accept transcript valuations on residential purchase mortgages in Scotland that are based on the valuation contained in the Home Report Valuation.

This is available on a fee-free basis subject to the following:

•    The transcript valuation must be prepared by the same inspecting Valuer who prepared the Home Report Valuation
•    The date of inspection or date of the refreshed valuation must pre-date the transcription instruction by 3 months or less
•    The Valuer firm must be on the Society’s panel and agree to act as the Society’s valuation advisor for the mortgage lending decision
•    If the Valuer firm is not on the Society’s panel then a standard valuation will be instructed in the normal way at the standard fee

Re-inspection Valuation Fees / Further Advance Valuation Fees:

•    If a revaluation is carried out by the same surveyors within 2 years of the original report the fee will be £93.75
•    In all other cases a full valuation fee is required.

The Society deems a valuation as valid for 6 months. If an application does not complete within 6 months of the valuation being undertaken, the applicant may have to pay for a reinspection.