With advances starting at just £5,000 our fee structure is tiered to reflect that fact smaller advances often involve similar work whilst offering considerably less return.
| ADVANCE | FEE |
|---|---|
| £5,000 – £49,999 | 4% |
| £50,000 – £79,999 | 3% |
| £80,000 + | 2% |
In addition, in all cases an additional £1,295 flat charge for legals will apply.
These charges are added to the client’s nett advance requirements, reflected on the day 1 offer and attract interest at the contractual rate. Fees are deducted on release of the advance and are NOT payable if a case is cancelled prior to completion.
| VALUATION | STANDARD RESIDENTIAL | HMO/MUB |
|---|---|---|
| Up to £200,000 | £325 | £549 |
| £200,001 – £400,000 | £395 | £699 |
| £400,001 – £600,000 | £675 | £849 |
| £600,001 – £1,000,000 | £1,095 | £1199 |
In many cases we will not require a valuation however, where this is required, the following scale applies to all standard residential property:
Properties in excess of £1,000,000 on application.
‘Drive by Valuations’ may be accepted for certain property types and are usually charged at £249 up to £500,000 estimated value or at £299 between £500,001 and £1,000,000 in estimated value.
All valuation fees are paid once the client confirms acceptance to our terms and are NON REFUNDABLE once instructed.
Valuation fees for commercial, semi-commercial, land and other non standard securities will be advised on an individual basis.
