Return to the Mortgage Glossary Home to view explanations for all mortgage terms. What follows is the definition for the term Valuation Fee as it relates to mortgages in the UK. Valuation FeeThe valuation fee is the amount charged to conduct a valuation of the property on behalf of the lender. The valuation is typically carried out on behalf of the mortgage provider, not the mortgage applicant. The valuation does not represent a detailed inspection of the property, it is used as a rough guide for the mortgage provider to ensure they are not lending a higher proportion of the value of the property than they are comfortable with. For the person looking to purchase a property, they would be better suited getting a home buyers report, or a full structural survey.
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