Valuations and Surveys
Level 1 Valuation
The basic mortgage valuation is now known as a
Level 1 Valuation and the fee scale for
mortgage valuations is unchanged – including free valuations for
remortgages up to £500,000. A valuation fee is payable on all
buy-to-let mortgage applications (purchases and remortgages) unless
otherwise stated, on all other mortgages for property
purchases [of whatever amount] and on remortgages
where the amount of the mortgage is more than £500,000. This fee
must be paid up-front and cannot be added to the loan.
Level 2 & Level 3 Survey
The Level 2 and Level 3 Survey is a property
inspection and report service that includes the option of a full
structural survey for house purchase customers (Level 3 Building
Survey) in addition to the option of a Homebuyer’s Report (Level 2
Survey). This new service enhances and replaces the current C&G
Survey.
The Level 2 and Level 3 Survey fee includes
the Level 1 Valuation, therefore no separate valuation fee will be
charged.
| Purchase
price |
Level 2 Survey
Fee |
Level 3 Survey
Fee |
| Residential |
Buy-to-Let |
Residential |
Buy-to-Let |
| Up to £50,000 |
£475 |
£575 |
£800 |
£800 |
| £50,001 to £100,000 |
£500 |
£600 |
£800 |
£800 |
| £100,001 to £150,000 |
£550 |
£650 |
£1,000 |
£1,000 |
| £150,001 to £200,000 |
£600 |
£700 |
£1,250 |
£1,250 |
| £200,001 to £250,000 |
£675 |
£775 |
£1,500 |
£1,500 |
| £250,001 to £300,000 |
£750 |
£900 |
£1,500 |
£1,500 |
| £300,001 to £400,000 |
£825 |
£975 |
£1,750 |
£1,750 |
| £400,001 to £500,000 |
£950 |
£1,050 |
£2,000 |
£2,000 |
| £500,001 to £600,000 |
£1,050 |
£1,150 |
£2,250 |
£2,250 |
| £600,001 to £700,000 |
£1,200 |
£1,300 |
£2,500 |
£2,500 |
| £700,001 to £800,000 |
£1,300 |
£1,400 |
£2,750 |
£2,750 |
| £800,001 to £900,000 |
£1,400 |
£1,500 |
£3,000 |
£3,000 |
| £900,001 to £1,000,000 |
£1,500 |
£1,600 |
£3,250 |
£3,250 |
| £1,000,001 to £1,100,000 |
£1,600 |
£1,700 |
£3,750 |
£3,750 |
| £1,100,001 to £1,200,000 |
£1,700 |
£1,800 |
£3,750 |
£3,750 |
| £1,200,001 to £1,300,000 |
£1,800 |
£1,900 |
£4,250 |
£4,250 |
| £1,300,001 to £1,400,000 |
£1,900 |
£2,000 |
£4,250 |
£4,250 |
| £1,400,001 to £1,500,000 |
£2,000 |
£2,100 |
£4,750 |
£4,750 |
| £1,500,001 to £1,600,000 |
£2,100 |
£2,200 |
£4,750 |
£4,750 |
| £1,600,001 to £1,700,000 |
£2,200 |
£2,300 |
£5,250 |
£5,250 |
| £1,700,001 to £1,800,000 |
£2,300 |
£2,400 |
£5,250 |
£5,250 |
| £1,800,001 to £1,900,000 |
£2,400 |
£2,500 |
£5,750 |
£5,750 |
| £1,900,001 to £2,000,000 |
£2,500 |
£2,600 |
£5,750 |
£5,750 |
If your client's property has an estimated
value of more than £2,000,000, please contact
your Business Development Manager for
details of the valuation fee your client will need to pay.
If you would like to arrange a Level 2 or
Level 3 Survey for your client, simply let us know when you submit
their mortgage application. For cases on C&G Caseflow, please
ensure the option to request a Level 2 or Level 3 Survey is ticked.
Please note that the Level 2 and Level 3 Survey are only
available to customers applying for a C&G mortgage.
The downloadable Level
2 & Level 3 Survey Form contains full information on the
levels of valuations and surveys available to your client,
including the costs payable plus the request and payment form. Once
the request has been made, your client will be contacted by the
surveyor to discuss the scope of the survey and to establish any
specific requirements.
To submit the form:
Image Processing - Barnwood Central
Cheltenham & Gloucester plc
Chief Office
Barnett Way
Barnwood
Gloucester
GL4 3RL