Valuation information
The valuation and survey fees shown here are for work carried out by e.surv, or by another valuation and surveying firm appointed by us.
Please note the valuation fee is non-refundable once the property assessment has been carried out.
A mortgage valuation is valid for 12 months. If a mortgage does not complete within 12 months of the valuation being carried out then a new valuation will be required, and a new fee potentially needs to be collected. We will advise you at the time if a new valuation fee is required.
For remortgages where there is no valuation or survey, we carry out an assessment of the property at no charge to your client.
Valuation types
Types of valuation and survey for purchase applications
Mortgage Valuation (Level 1) - this is a basic property valuation for our underwriting purposes only and may not result in a physical inspection of the property.
We may ask a surveyor to carry out an internal inspection or Remote Valuation using property details, previous sale/valuation prices and local area knowledge without visiting the property. Or we may use an Automated Valuation (AVM), a combination of historical and market data to compare the property to others in the local area. A report will only be available if a surveyor visits the property.
If a physical inspection takes place this will be based on a limited inspection and defects that could affect your client’s decision to buy may not be identified. It should not be relied on for their buying decision. There is not the option to choose the type of Level 1 valuation carried out. It is important the client is aware of the different valuation types and limitations of each.
Survey and valuation (Level 2) - this gives guidance on defects and other issues which could affect a decision to buy. We base our lending decisions on the valuation aspects only. We do not offer a Level 3 Building Survey, the information is for guidance only. If your client would like a building survey refer to the RICS website to locate a local surveyor. The client will still need to pay us for a Level 1 Mortgage Valuation which is for lending purposes only.
The level of detail which a surveyor will include in a valuation or survey report, depends on the type of report being carried out. The table shows you what would be included in a typical report. The valuation instruction may be passed to the surveyors as soon as an application is submitted and the valuation fee is non-refundable once the property assessment has been carried out. A mortgage valuation is valid for 12 months.
If a mortgage does not complete within 12 months of the valuation being carried out then a new valuation will be needed, and a new fee potentially needs to be collected. We will advise you at the time if a new valuation fee is needed.
See our Valuations criteria section.
Other application types
Remortgages - there is no valuation or survey, we carry out an assessment of the property at no charge to your client.
Further advances (including combined product transfer/further advance applications) - if the total loan (existing mortgage plus further advance) exceeds more than 80% loan to value of the indexed valuation a revaluation is needed for the case to proceed. If your client wishes to proceed and feels that the property value is higher and sufficient that the total lending will be within the maximum 85% limit, they may give an estimated property value.
A revaluation will be needed to support the estimated property value being used for which a revaluation fee of £100 will be charged and must be paid in advance by the client before a valuer can be instructed. The revaluation is for lender purposes only and may be completed using an automated valuation or remote valuation.
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Purchase price no more than
Valuation only
Survey and valuation
Purchase price no more than
£50,000
Valuation only
£100
Survey and valuation
Purchase price no more than
£100,000
Valuation only
£100
Survey and valuation
£365
Purchase price no more than
£150,000
Valuation only
£100
Survey and valuation
£395
Purchase price no more than
£200,000
Valuation only
£100
Survey and valuation
£445
Purchase price no more than
£300,000
Valuation only
£100
Survey and valuation
£565
Purchase price no more than
£400,000
Valuation only
£100
Survey and valuation
£695
Purchase price no more than
£500,000
Valuation only
£100
Survey and valuation
£840
Purchase price no more than
£600,000
Valuation only
£100
Survey and valuation
£980
Purchase price no more than
£700,000
Valuation only
£100
Survey and valuation
£1,125
Purchase price no more than
£800,000
Valuation only
£100
Survey and valuation
£1,265
Purchase price no more than
£900,000
Valuation only
£100
Survey and valuation
£1,410
Purchase price no more than
£1,000,000
Valuation only
£100
Survey and valuation
£1,550
Purchase price no more than
£1,200,000
Valuation only
£100
Survey and valuation
£1,750
Purchase price no more than
£1,400,000
Valuation only
£100
Survey and valuation
£1,955
Purchase price no more than
£1,600,000
Valuation only
£100
Survey and valuation
£2,155
Purchase price no more than
£1,800,000
Valuation only
£100
Survey and valuation
£2,360
Purchase price no more than
£2,000,000
Valuation only
£100
Survey and valuation
£2,560
Purchase price no more than
£2,200,000
Valuation only
£100
Survey and valuation
£2,765
Purchase price no more than
£2,400,000
Valuation only
£100
Survey and valuation
£2,965
Purchase price no more than
£2,600,000
Valuation only
£100
Survey and valuation
£3,165
Purchase price no more than
£2,800,000
Valuation only
£100
Survey and valuation
£3,370
Purchase price no more than
£3,000,000
Valuation only
£100
Survey and valuation
£3,570
Purchase price no more than
£3,200,000
Valuation only
£100
Survey and valuation
£3,775
Purchase price no more than
£3,400,000
Valuation only
£100
Survey and valuation
£3,975
Purchase price no more than
£3,600,000
Valuation only
£100
Survey and valuation
£4,180
Purchase price no more than
£3,800,000
Valuation only
£100
Survey and valuation
£4,380
Purchase price no more than
£4,000,000
Valuation only
£100
Survey and valuation
£4,580
Purchase price no more than
£4,200,000
Valuation only
£100
Survey and valuation
£4,785
Purchase price no more than
£4,400,000
Valuation only
£100
Survey and valuation
£4,985
Purchase price no more than
£4,600,000
Valuation only
£100
Survey and valuation
£5,190
Purchase price no more than
£4,800,000
Valuation only
£100
Survey and valuation
£5,390
Purchase price no more than
£5,000,000
Valuation only
£100
Survey and valuation
£5,595
Purchase price no more than
£5,500,000
Valuation only
£100
Survey and valuation
£6,100
Purchase price no more than
£6,000,000
Valuation only
£100
Survey and valuation
£6,605
Purchase price no more than
£6,500,000
Valuation only
£100
Survey and valuation
£7,110
Purchase price no more than
£7,000,000
Valuation only
£100
Survey and valuation
£7,615
Purchase price no more than
£7,500,000
Valuation only
£100
Survey and valuation
£8,120
Purchase price no more than
£8,000,000
Valuation only
£100
Survey and valuation
£8,625
Purchase price no more than
£8,500,000
Valuation only
£100
Survey and valuation
£9,130
Purchase price no more than
£9,000,000
Valuation only
£100
Survey and valuation
£9,635
Purchase price no more than
£9,500,000
Valuation only
£100
Survey and valuation
£10,145
Purchase price no more than
£10,000,000
Valuation only
£100
Survey and valuation
£10,650
If the purchase price is discounted then the valuation fee will be based on the valuation figure. Prices correct for all new applications from 8th November 2021.
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Level 1 Mortgage Valuation
Level 2 Survey and Valuation
Level 3 Building Survey
What is it?
Level 1 Mortgage Valuation
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.
This may not be a physical inspection of the property or produce a report.
It's based on a limited inspection of the readily visible and accessible parts of the property, and property defects may not be identified.
This level of report may not mention matters that could affect a decision to buy, and it should not be relied upon for the clients buying decision.
Level 2 Survey and Valuation
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.
Level 3 Building Survey
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.
Exterior inspection
Level 1 Mortgage Valuation
Brief
Level 2 Survey and Valuation
General
Level 3 Building Survey
Detailed
Inspection of
concealed partsLevel 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✖
Level 3 Building Survey
✔
Level of detail by arrangement with surveyor.
Evidence of major problems e.g. structural movement
Level 1 Mortgage Valuation
✔
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
Evidence of major defects
Level 1 Mortgage Valuation
✔
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
Roof covering
Level 1 Mortgage Valuation
✔
From ground level only.
Level 2 Survey and Valuation
✔
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 3 Building Survey
✔
Level of detail by arrangement with surveyor.
Drain inspection/test
Level 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✔
Accessible drain covers are lifted.
Level 3 Building Survey
✔
Level of detail by arrangement.
Internal inspection
Level 1 Mortgage Valuation
Brief
Level 2 Survey and Valuation
General
Level 3 Building Survey
Detailed
Damp tests
Level 1 Mortgage Valuation
✔
Limited tests in accessible areas.
Level 2 Survey and Valuation
✔
Damp readings taken to accessible areas.
Level 3 Building Survey
✔
Damp readings taken to accessible areas.
Carpets moved
Level 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✖
Level 3 Building Survey
✔
Level of detail by arrangement with surveyor.
Furniture moved
Level 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✔
Heavy furniture not moved.
Level 3 Building Survey
✔
Heavy furniture not moved.
Roof space inspected
Level 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✔
Where further investigations are required, limited inspection using loft access point.
Level 3 Building Survey
✔
With reasonable access.
Sub-floor space inspected
Level 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✔
Limited inspection with reasonable access.
Level 3 Building Survey
✔
Level of detail by arrangement with surveyor.
Doors/window operation checked
Level 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✔
Sample only, if not locked or painted shut.
Level 3 Building Survey
✔
Level of detail by arrangement with surveyor.
Visual inspection of services, such as electrical equipment and central heating
Level 1 Mortgage Valuation
✔
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
Report
Level 1 Mortgage Valuation
General
Level 2 Survey and Valuation
General
Level 3 Building Survey
Detailed
Identify construction
Level 1 Mortgage Valuation
✔
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
Detailed analysis of construction
Level 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✖
Level 3 Building Survey
✔
Local issues e.g. mining
Level 1 Mortgage Valuation
✔
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
Other factors e.g. legal matters
Level 1 Mortgage Valuation
✔
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
Advice on urgency of repair
Level 1 Mortgage Valuation
✖
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
Valuation advice
Level 1 Mortgage Valuation
✔
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
By arrangement with surveyor.
Insurance valuation
Level 1 Mortgage Valuation
✖
Subject to lender requirements.
Level 2 Survey and Valuation
✔
Level 3 Building Survey
✔
By arrangement with surveyor.
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Following your feedback we have made an improvement to the process for intermediary customers appealing valuations on the property they are purchasing or remortgaging.
Please note that an appeal on a remortgage can only be considered where the valuation figure has materially affected your customer’s application and the valuer has not physically visited your customer’s property as part of their remortgage application.
A material affect is where the required loan amount is no longer achievable or where the new LTV affects the chosen product.
If you need to appeal a valuation you should fully complete the valuation appeals form (PDF, 66kB). Incomplete forms cannot be considered for an appeal and will be automatically returned.
To allow us to consider the appeal, please send the following information and/or documentation:
- Evidence of three comparable property sales, ideally within the last six months. This should include the sales figure, date of completion, full address of the properties, name of the estate agents that sold the properties and details of how the properties compare with the subject property in terms of size, age, condition and the distance from that subject property must be provided.
- The evidence for the comparable property should include confirmation of the sale price and date of sale from the estate agents.
- It is not acceptable for an estate agent to provide an estimated asking price if the property were to be put on the market for sale.
- We will not accept the use of a customer's own valuation (prepared by another valuer) in place of our valuation.
- For new build properties, any evidence provided must be directly comparable and where 'incentives' have been provided by the house builder, these should be clearly documented.
- Where available provide a web site link to each comparable.
- For remortgage properties, details of any improvements or alterations made to the property since it was purchased by your customer (e.g. extension, conservatory, loft conversion) that may have positively affected the value.
- The form and supporting documentation should be emailed to ValuationAppeals@lloydsbanking.com
You are responsible for gathering and preparing the required documentation. If the required information is not provided, the appeal will be returned and you will be asked to resubmit it.
The outcome of the appeal will be communicated to you by email.
If the original valuation is upheld no further appeal is available.