The amount charged to conduct a valuation of the property on behalf of the lender.

It is important to note that the valuation is carried out on behalf of the lender - not the mortgage applicants!

Frequently lenders include an administration fee as part of the valuation fee collected to cover the costs of arranging the valuation.

The valuation does not represent a detailed inspection.

For peace of mind it may be appropriate to obtain a 'Housebuyers Report' or a 'Full Structural Survey'.

These are more detailed than a lender valuation but they are produced on behalf of the applicant.

They are more expensive than the lenders valuation.

For more information about Valuation Fees, contact one of our independent advisers.