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Natwest HomeBuyers and Valuation price?
leew
Posts: 738 Forumite
Quick query which i hope someone may be able to answer.
We have arranged a Mortgage with Natwest and also told them to go ahead with a Home buyers survey and obviously they do a Valuation too.
I have a print out of all the costs etc and in the breakdown box all i see is Valuation Fee £361 along with a Valuation admin fee of £75 but no mention of Home buyers Survey :doh:
When i asked at the time they mentioned the price was for a Valuation and Survey (Home buyers) combined.
Does £361 seem right for a Valuation and Survey? it's just confusing me because it only mentions Valuation on my letter.
We have arranged a Mortgage with Natwest and also told them to go ahead with a Home buyers survey and obviously they do a Valuation too.
I have a print out of all the costs etc and in the breakdown box all i see is Valuation Fee £361 along with a Valuation admin fee of £75 but no mention of Home buyers Survey :doh:
When i asked at the time they mentioned the price was for a Valuation and Survey (Home buyers) combined.
Does £361 seem right for a Valuation and Survey? it's just confusing me because it only mentions Valuation on my letter.
0
Comments
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Ours was £242 (survey £168 + £75 admin fee) for the valuation and home buyers report. Maybe the price differs depending on area or price (e.g. we're buying for £125,000). Once we instructed, they had done it and sent us and the solicitors the report within a week so were very quick! That was with Nat West a couple of weeks ago.First Time Buyer: Mortgage Offered, Searches complete, Exchanged 21/12/2012, Completion 04/01/2013! :beer:0
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Here's a copy of the scale from the intermediary site.
http://www.rbsip.com/home-options.asp?page=HOME/LENDING-CRITERIA/VALUATIONS
Assuming your purchase price is £100k to £250k, it's £75;-
+ £167 for a basic mortgage report and valuation
or
+ £361 for a basic mortgage report and valuation PLUS a Homebuyer's Report.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
julieb1987 wrote: »Ours was £242 (survey £168 + £75 admin fee) for the valuation and home buyers report. Maybe the price differs depending on area or price (e.g. we're buying for £125,000). Once we instructed, they had done it and sent us and the solicitors the report within a week so were very quick! That was with Nat West a couple of weeks ago.
Your's seems cheap! compared to mine and i asked for the same - Homebuyers survey and the Natwest Valuation plus the £75 admin, very odd!!kingstreet wrote: »Here's a copy of the scale from the intermediary site.
http://www.rbsip.com/home-options.asp?page=HOME/LENDING-CRITERIA/VALUATIONS
Assuming your purchase price is £100k to £250k, it's £75;-
+ £167 for a basic mortgage report and valuation
or
+ £361 for a basic mortgage report and valuation PLUS a Homebuyer's Report.
Looks like both are lumped in just under Valuation.
Duly thanked.0
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