The Society's fees in relation to obtaining a valuation are listed below.
The fee includes a minimum administration charge of £100 (further details available on request). If a reinspection is required, a fee of £60 will be charged. In certain cases a revaluation will be required and a fee of £70 will be charged. Receipt of a valuation fee will not bind the Society to grant any advance.
The Mortgage Valuation Report is prepared for the Society and not for you, the borrower. It only answers the Society’s questions concerning whether the property is suitable security for lending purposes, and does not imply the price is reasonable or if the property has any defects.
Don’t rely upon a mortgage valuation to cover all your questions and concerns about the property. The best way to reach an informed decision on the property you are wishing to buy is to have a professional survey and valuation carried out on your behalf. The surveyor will advise you on the value and condition and will undertake a more detailed inspection for you.
PLEASE NOTE: cheques must be made payable to Leeds Building Society, followed by the applicant's name(s). We can no longer accept cheques payable to Leeds Building Society only. Failure to complete cheques correctly will delay the application.
