Procuration Fees
The following fees are effective from 1st August 2014.
New Business, Additional Borrowing, Product Transfer and Porting
| |
Direct |
Via Club / Network |
| Buy to Let, Let to Buy |
36 BPS |
Up to 50 BPS |
| |
The above fees will be paid for business submitted online direct to BM Solutions |
The above gross fees will be paid to the Club/Network. Contact your distributor
representative for details of their procuration fee scales and terms |
Procuration fees are calculated as per the terms agreed with your Club/Network.
Valuation Fees
Valuation Fees
| Purchase Price/Estimated value up to and including |
Level 1 Buy to Let, Let to Buy |
Level 2 Buy to Let, Let to Buy |
| £50k |
£100 |
N/A |
| £100k |
£100 |
£390 |
| £150k |
£100 |
£420 |
| £200k |
£100 |
£470 |
| £300k |
£100 |
£590 |
| £400k |
£100 |
£720 |
| £500k |
£100 |
£865 |
| £600k |
£100 |
£1005 |
| £700k |
£100 |
£1150 |
| £800k |
£100 |
£1290 |
| £900k |
£100 |
£1435 |
| £1m |
£100 |
£1575 |
| £1.2m |
£100 |
£1775 |
| £1.4m |
£100 |
£1980 |
| £1.6m |
£100 |
£2180 |
| £1.8m |
£100 |
£2385 |
| £2m |
£100 |
£2585 |
| £2.2m |
£100 |
£2790 |
| £2.4m |
£100 |
£2990 |
| £2.6m |
£100 |
£3190 |
| £2.8m |
£100 |
£3395 |
| £3m |
£100 |
£3595 |
| £3.2m |
£100 |
£3800 |
| £3.4m |
£100 |
£4000 |
| £3.6m |
£100 |
£4205 |
| £3.8m |
£100 |
£4405 |
| £4m |
£100 |
£4605 |
| £4.2m |
£100 |
£4810 |
| £4.4m |
£100 |
£5010 |
| £4.6m |
£100 |
£5215 |
| £4.8m |
£100 |
£5415 |
| £5m |
£100 |
£5620 |
| £5.5m |
£100 |
£6125 |
| £6m |
£100 |
£6630 |
| £6.5m |
£100 |
£7135 |
| £7m |
£100 |
£7640 |
| £7.5m |
£100 |
£8145 |
| £8m |
£100 |
£8650 |
| £8.5m |
£100 |
£9155 |
| £9m |
£100 |
£9660 |
| £9.5m |
£100 |
£10170 |
| £10m |
£100 |
£10675 |
| £10m+ |
£100 |
Available upon request |
Product Transfer and Further Advance Re-valuations Fees
The fee applicable for product transfer and further advance re-valuations is £100.
*Product Transfer Revaluations can be carried out at the customers request.
You can find out the current valuation of the property in the Summary of Accounts screen at the start of the Product Transfer application.
If the applicant(s) would like to pay for a revaluation of the property you will need to complete the Product Transfer Revaluation Authority form. The revaluation will need to be carried out prior to you submitting a Product Transfer application.
Level 1 includes the following instruction types. Remortgage, Building Survey (where only the Level 1 fee is collected).
The type of valuation applicable will be decided upon application.
The valuation fees shown here are for work carried out by e.surv, or by another valuation firm appointed by us.
Scottish valuations
In Scotland, a re-type/transcription report from a Generic Mortgage Valuation Report (GMVR) attached to a valid Home Report prepared to permit marketing of the property, is no longer acceptable for a Buy to Let following best practice advice issued by RICS (Scotland), which means that it will no longer contain a rental valuation.
For further clarification please contact your BDM.
OTHER MORTGAGE FEES
- Product Fee: See specific product details.