BM Solutions Fees

Valuation Fees
Purchase Price up to: £50k £100k £150k £200k £300k £400k £500k
Automated Valuation Model(AVM) Fee* £215 £250 £280 £310 £360 £410 £460
Level 1 Standard Valuation Fee £290 £330 £365 £405 £480 £550 £615
Level 1 Buy to Let £315 £355 £390 £430 £505 £575 £640
Level 2 Survey & Valuation Fee - £510 £540 £590 £710 £840 £980
Level 2 Buy to Let - £535 £565 £615 £735 £865 £1005
Purchase Price up to: £600k £700k £800k £900k £1m £1m+
Automated Valuation Model(AVM) Fee* £500 £550 £590 (Max £750k) N/A N/A N/A
Level 1 Standard Valuation Fee £670 £730 £785 £840 £895 Available
upon request
Level 1 Buy to Let £695 £755 £810 £865 £920
Level 2 Survey & Valuation Fee £1120 £1260 £1400 £1540 £1680 Available
upon request
Level 2 Buy to Let £1145 £1285 £1425 £1565 £1705
The above fees include a £150 administration fee and VAT if applicable.

Additional Borrowing Valuation Fees
Purchase Price up to: £50k £100k £150k £200k £300k £400k £500k
Level 1 Standard Valuation Fee £190 £230 £265 £305 £380 £450 £515
Revaluation £158 £158 £158 £178 £215 £250 £283
Buy to Let Revaluation £170 £170 £170 £190 £228 £263 £295
Purchase Price up to: £600k £700k £800k £900k £1m £1m+
Level 1 Standard Valuation Fee £570 £630 £685 £740 £795 Available on request
Revaluation £310 £340 £368 £395 £423 Available on request
Buy to Let Revaluation £323 £353 £380 £408 £435 Available on request

*Not available for Buy to Let. For full eligibility please see criteria below

The type of valuation applicable will be decided upon application

The valuation and survey fees shown here are for work carried out by Colleys, the valuation and surveying service of Lloyds Banking Group.

Colleys will be instructed via BM Solutions for all valuations. Note: For Scottish loans, Colleys will instruct a free re-type for purchases and a full mortgage valuation fee is required for remortgages.

  • Product Fee: See specific product details.
  • Mortgage Account Fee: (applicable from 22nd February 2009) £275.
  • Arrangement Fee: £299
  • Higher lending charge for loans of 90.01% or more is charged at 8.50% of the amount borrowed above 75%.
  • Re-inspection fee: £114
  • Telegraphic Transfer fee: £35
  • Product switching fee: £250 (before completion)

Cases eligible for Automated Valuation Model (AVM)

  • LTV (based on purchase price) is less than or equal to the current scheme limit on both new loan and remortgage applications.
  • Application is not packaged.
  • The scheme is not Buy to Let or Ex-pat Buy to Let, House 2 House or Self Build.
  • Application type is new loan (except where the property is in Scotland or Northern Ireland).
  • Application type is a re-mortgage (except where the property is in Northern Ireland).
  • Loan amount is no more than £500k.
  • Property is not a new build.
  • Purchase price/estimated value is no more than £750k.

Changing the basis of borrowing

When changing the basis of any lending with us e.g. Mainstream to Buy to Let, your client will not be able to continue with their current interest rate product. Your client's existing loan conditions may also require them to pay an early repayment charge.

Valuation Information

The level of detail which a surveyor will include in a valuation or building report, depends on the type of report being carried out. The table here shows you what would be included in a typical report.

 

Level 1 Standard Valuation Fee

Level 2 Survey & Valuation Fee

Building survey and valuation

What is it?

This is a very brief report on the property and its market value.

This report is just for our purposes but your client will be sent a copy.

It's based on a limited inspection of the readily visible and accessible parts of the property.

This level of report may not mention matters that could affect a decision to buy.

The survey is for your client and we don't receive a copy.

We only receive and make our lending decision on the valuation.

The survey gives guidance on defects and other issues that may affect the property.

The surveyor will send the appropriate terms and conditions for your client to read, sign and return.

The building survey is for your client and we don't receive a copy.

We only receive and make our lending decision on the valuation.

The building survey is a detailed report on the property, which can be tailored to fit your client's requirements.

The surveyor will send the appropriate terms and conditions for your client to read, sign and return.

Inspection of
concealed parts

X

X

Level of detail by arrangement

Exterior inspection

Brief

General

Detailed

Evidence of major problems e.g. structural movement

Roof covering

From ground level only.
Flat roofs if visible from within the property.

Pitched roofs from ground level and with binoculars. Flat roofs if visible from within property and from using a ladder up to 3m height.

Level of detail by arrangement

Drain inspection/test

X

Accessible drain covers
are lifted

Level of detail by arrangement

Foundations and underground soil

X

X

Level of detail by arrangement

Internal inspection

Brief

General

Detailed

Damp tests

Damp readings taken to accessible areas

Damp readings taken to accessible areas

Damp readings taken to accessible areas

Carpets moved

X

X

Level of detail by arrangement

Furniture moved

X

X

Level of detail by arrangement

Roof space inspected

Head and shoulders only where reasonable access

With reasonable access

With reasonable access

Sub-floor space inspected

X

Limited inspection with reasonable access

Level of detail by arrangement

Window operation
checked

X

Sample only, if not locked or painted shut

Level of detail by arrangement

Visual inspection of services, such as electrical equipment or central heating

Level of detail by arrangement

Testing of services, such as electrical equipment or central heating

X

X

Level of detail by arrangement


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Buy to Let

House 2 House

Mainstream

Self Build

Product Transfers