Nationwide has announced it will be changing its valuation fee structure from June 10.
Nationwide says following this change, the mortgage valuation fees for home buyers will remain competitive. There will be no change for remortgage borrowers and existing customers applying for additional borrowing, who do not have to pay a valuation fee.
The fees will be £175 for properties worth £50,000 or less; £210 for properties between £50,001 and £100,000; £245 for properties between £100,001 and £150,000; £280 for properties between £150,001 and £200,000 and £320 for properties between £200,001 and £250,000.
For properties between £500,001 and £1m, the fees are between £520 and £595.