Our valuation fee depends on the property value:
Property value up to
Fee for Standard Valuation
|Over £5,000,000||By negotiation|
As part of a mortgage application, we will arrange a standard valuation.
The valuation is only for Metro Bank’s use. We use it to help us decide whether we can accept the mortgage application, and how much we can lend.
This valuation is completed either:
Mortgage Offers are valid for 180 days (270 days for New Build Properties) from the date of the completed valuation.
If you choose to instruct the valuation at the point of application submission, using the Instruct Valuation button, the 180 days (or 270 days for new build) commences from the date of the completed valuation and as a result could impact the offer validity period.
Copies will not be provided to your customer or anyone else.
This information is also available in the Mortgage Tariff (PDF).
A property survey is different to a standard valuation. Whilst a standard valuation helps the Bank understand the value of the property, it does not provide detailed analysis of the condition of the property.
A property survey is optional, and the customer needs to arrange and pay for it.
There are different levels of property survey available at a various price points, and there may be varied approaches depending where in the UK the property and surveyor are based.
The three types of property survey available are:
We have partnered with LGSS who provide RICS Home Survey Level 2 and RICS/RPSA Home Survey Level 3 property surveys. We do not receive any commission or incentives from LGSS.
If you would like to know more about property surveys and why they might consider having one, or if they are looking to arrange a property survey, please visit the LGSS website.
We cannot currently accept a home report for residential purchases in Scotland. Your customer will need to pay for our standard valuation.
Terms and conditions apply.