Newbury Building Society

A valuation of the property you are buying/remortgaging will be required to assess the security offered for the loan. We offer the choice of either a basic valuation, which is for us to assess security only or a Homebuyer's Report, which gives you a more comprehensive guide to the condition of the property. If you want a full building survey, we will give you the names of a couple of surveyors on our panel who you can contact to negotiate a price.

Unless the mortgage product specifies otherwise, the fees for the basic valuation and upgrade to a Homebuyer's Report are:

Market Value	£ Basic Valuation	£ Upgrade to Homebuyers Report
Minimum property value £40,000
Up to £100,000	150	250
Up to £150,000	175	275
Up to £200,000	200	300
Up to £250,000	225	350
Up to £300,000	250	375
Up to £400,000	300	400
Up to £500,000	350	400
Up to £600,000	400	450
Up to £700,000	500	450
Up to £800,000	600	450
Up to £900,000	650	600
Up to £1,000,000	700	600
Up to £1.2m	800	700
Up to £1.4m	850	800
Up to £1.6m	900	900
Up to £1.8m	950	1000
Up to £2m	1000	1100

For properties with an estimated value of over £2m, a fee will be negotiated. VAT is not chargeable on valuations/surveys. Once the Valuer has carried out the inspection, the valuation fee cannot be refunded. Mileage costs may be charged in addition to the above at the Valuer's discretion.

If your property is subject to a reinspection prior to release of the mortgage funds, a fee of £65 will be charged on this extra service.

If you are arranging a buy to let mortgage with Newbury Mortgage Services Ltd (a subsidiary of Newbury Building Society) add £25 to the basic valuation fee to cover rental assessment.

If you are arranging a commercial mortgage we will negotiate a valuation fee. Please ask us for details when you apply for your mortgage.