Buy-to-let policy
Valuation report
The only valuation type available is a lender’s valuation report which is for Virgin Money to calculate how much we can lend. This may involve a physical inspection of the property or be completed remotely without visiting the property. The customer may want to separately instruct a firm of their choosing to carry out a valuation or survey.
Fees
The fees below include VAT and an administration fee. The cost to Virgin Money may differ from the fee charged. Our product details will make clear if a free valuation applies.
We may also charge a reinspection fee of £56 where a valuation expires and needs to be updated or where work has been carried out and the valuation needs to be updated.
| Valuation | Fee (£) |
|---|---|
| Up to £60,000 | 112 |
| £60,001 - £100,000 | 132 |
| £100,001 - £150,000 | 163 |
| £150,001 - £200,000 | 188 |
| £200,001 - £250,000 | 214 |
| £250,001 - £500,000 | 275 |
| £500,001 - £750,000 | 331 |
| £750,001 - £1,000,000 | 377 |
| £1,000,001 - £1,500,000 | 510 |
| £1,500,001 - £2,000,000 | 663 |
| £2,000,001 - £2,500,000 | 817 |
| £2,500,001 - £3,000,000 | 970 |
| Over £3,000,000 | Quoted individually |