The fee payable to a lender to arrange for a valuation of the property. This is normally paid when you send in your application and, once the valuation has been carried out, this fee is not refundable, even if you do not go ahead with the mortgage.
A fee paid by the borrower for the lender's inspection of the property. This is normally paid on application. See fee, arrangement fee, fees added to loan, booking fee, conveyancing fee, land registry fees, IGP, and stamp duty.
Whether purchasing or remortgaging the Lender undertakes a valuation of the property to ensure it provides adequate security. The charge is bourne by the borrower and increases exponentially with the valuation / purchase price. There are three (3) levels of valuation, in order of increasing detail these are: Basic Homebuyer's Report Structural Survey The more stringent the survey, the higher the fee.