Valuations are requested by Standard Life Bank at Approval in Principle stage. Clients are telephoned by our valuers who arrange a suitable time for an appointment as well as payment for the survey.
If your client chooses to add the valuation/legal fees to their loan, the standard valuation fee and the valuation admin fee are reimbursed by BACS within seven working days from completion of their mortgage and the amounts will be added to their loan.
| Valuation band up to: | Standard valuation fee (£) | Homebuyers report (£) | Building survey (£) | Credit Re-assessment (£) |
|---|---|---|---|---|
| £100,000 | 215 | 440 | 550 | 90 |
| £200,000 | 275 | 540 | 690 | 120 |
| £300,000 | 335 | 640 | 790 | 150 |
| £500,000 | 450 | 740 | 990 | 150 |
| £750,000 | 625 | 940 | 1,190 | 150 |
| £1,000,000 | 825 | 1,240 | 1,590 | 150 |
| £1,500,000 | 985 | 1,490 | 2,090 | 150 |
| £2,000,000 | 1,185 | 1,690 | 2,390 | 150 |
| Over £2,000,000 | By negotiation | By negotiation | By negotiation | 150 |
If a valuation has been carried out prior to the application by a surveyor on our panel (and within the last 4 weeks), we may consider accepting a re-type of the report for a fee, currently £135 in England and Wales and £90 in Scotland (re-type carried out subject to Standard Life Bank's approval).
Please note that if a house purchase includes a builder deposit, vendor deposit or cashback option, the valuer must be informed and this will be taken into account.
Please see our Underwriting Guide for further property/valuation details.
