Accord offers a range of products to suit different client requirements, some without product fees and some with. For details on product fees please see our product page.
Accord Buy to Let valuation fees are shown in the table below. Where the fee has been paid, we will instruct the valuation as soon as we begin to process your application - unless you tell us otherwise. Once a valuation has been carried out, the fee will not be refunded in the event that the mortgage does not proceed.
|Valuation not exceeding||Mortgage valuation||HomeBuyer report & valuation|
For the purchase price/valuation in excess of £2,000,000 please contact us. The fees shown include a £90 administration charge.
It is important to manage your client’s expectations regarding the valuation of their property. In the current housing market, property prices are falling in many areas of the country. This is likely to affect the value of property when your clients apply for a mortgage, and potentially your client’s choice of mortgage product.
We obtain a mortgage valuation for all house purchase and remortgage applications. In addition, the valuer appointed will provide us with a rental assessment of the property. As such the mortgage valuation will not necessarily be the same figure as the price which someone might be prepared to pay for the property.
This could result in your client’s property being valued at less than you told us and may also mean that your client no longer qualifies for a product with a specific LTV. In the event of this happening your client may be able to switch to another product with a higher LTV, or it may mean that we are unable to offer your client a mortgage. If we are unable to offer a mortgage after the mortgage valuation, any product application or valuation fees will not be refunded, so it is essential you are as accurate as possible when providing us with an estimated value of your client’s property.
There are various websites that provide estimates of current property valuations and house prices and we would encourage you to look at these and explore the rental income and demand for the property before telling us your client’s property valuation. This will help to ensure the figure that you provide to us is as accurate as possible and increase the chance that the product you select on application is the one you will be able to proceed with following the application.
The mortgage valuation is solely for our purposes so that we can be satisfied that the property provides sufficient security for us to lend.
We will normally provide your client with a copy of the valuer's report. If, however, your client is taking advantage of one of our fee assist mortgages and we are refunding or paying the cost of the valuation, your client may not receive a copy of the valuation report.
If your client does receive a copy of the valuation report, please remember it is NOT A SURVEY and does not give any indication as to whether the property is worth what is being paid for it, nor does it provide a list of any repairs that may be needed.
We can arrange to carry out a HomeBuyer Report for your client at the same time as the mortgage valuation. Presented in a standard format, it is designed to focus on defects and problems which are considered urgent or significant. A HomeBuyer Report is suitable for properties which are of standard type and construction and appear to be in reasonable condition.
This type of survey is suitable for all types of residential properties and, in particular, for period properties, those with extensive accommodation or those in a particularly poor state of repair although it can be done for any type of residential property. It is tailored to your client’s requirements but will be very detailed, covering all defects whether major or minor. There is no standard or scale fee for a Building Survey but the cost will be significantly higher than for a HomeBuyer Report.
Although in most cases, the cost does not include a mortgage valuation, we can arrange for both to be carried out together. Your client will pay us a Standard Mortgage Valuation fee and pay the valuer the cost of the Building Survey direct. Before the valuer carries out the Building Survey, he will contact your client to discuss the scope of the inspection and the cost.
Accord Buy to Let is currently available for properties in England and Wales only.
Information on this site is for use by authorised intermediaries only and should not be relied upon by anyone else.
Accord Mortgages is authorised and regulated by the Financial Conduct Authority. We are entered in the Financial Services Register and our registration number is 305936. Buy to Let mortgages are not regulated by the Financial Conduct Authority.
Any reference on this website or in our literature to the Financial Services Authority (FSA) should be deemed to mean the Financial Conduct Authority (FCA).
Accord Mortgages Limited is registered in England No: 2139881 Registered Office: 1 Filey Street, Bradford, BD1 5AT. Accord Mortgages is a registered Trade Mark of Accord Mortgages Limited