graphic: frank lenny financial services
graphic: independent mortgage, life and pensions brokers
VALUATION FEES

 

Prior to issuing mortgage approval the lending institutions insist on receiving a valuation report on the property, upon which they are lending. Typically this valuation report is commissioned from one of their own panel of valuers. The general charge for this valuation, which is paid by the client is €126.97 (to include VAT at 21%). In cases where the purchaser is buying a new property, a first and final valuation may be required. We can arrange that the above fee will cover the cost of both valuations.

In certain circumstances or particularly where the client is purchasing an older property it maybe prudent to commission an independent architect’s report on the property.

This type of report is usually more expensive, as it is far more detailed in nature and underpinned by an
architect's professional indemnity insurance cover. The decision as to whether or not to obtain the full architect’s report rests primarily with the client themselves. Depending on the size of the property the architects fee is usually in the region of €300.00, and the client will organise the survey and pay the fee themselves directly to their architect. Where a clients wants us to arrange such a survey we would be happy to recommend a suitable firm and commission the report at as competitive a fee as possible.



Frank Lenny Financial Services limited is regulated by the financial regulator.

Remember your home is at risk if you do not keep up the payments on a mortgage or any other loans secured on it.

We are a member of the Independent Mortgage Advisers Federation (IMAF) and the Professional Independent Brokers Association (PIBA).

Copyright 2003 Frank Lenny Financial Services Ltd