Valuation Survey fees

Flipflop13

As a first time buyer I'm new to all this so please can anyone provide any advice on valuation survey fees...

I've taken out a mortgage through Halifax using a mortgage advisor from New Homes (it's a new build property) for the valuation survey i've paid £255 and admin feed of £100, on top of this the broker requested £145 alongside their usual fees. Does the broker need paying? What do they actually do in relation to the valuation?? Basically have I been robbed!

kingstreet

If you are buying a property for between £150k and £200k, the fee for a mortgage report & valuation by Halifax is £355.

The fee you've paid to the broker is exactly that. If you agree to pay it, that's that. You haven't been "ripped-off" unless;-

- you were asked to pay less at the outset and it was increased
or
- you weren't asked to pay anything and it later turned into something.

Check your documentation. Initial disclosure documents, key facts illustration, invoice/fee agreement and mortgage offer should all reflect the same broker fee.