V

Valuation Fee

Whether purchasing or remortgaging the Lender undertakes a valuation of the property to ensure it provides adequate security. The charge is borne by the borrower and increases exponentially with the valuation/purchase price. There are 3 levels of valuation: in order of increasing detail these are BASIC, HOMEBUYER'S REPORT, and STRUCTURAL SURVEY. The more stringent the valuation, the higher the fee.