What is a mortgage valuation fee?

What is a mortgage valuation fee?

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A mortgage valuation fee is the fee you pay the lender when you apply for a mortgage, for them to carry out a mortgage valuation. The mortgage valuation will tell the lender what the property is worth and therefore the lender will be able to make a decision as to how much they're prepared to lend you on the strength of that security. A mortgage valuation fee is a fee which a lender charges to have your property valued. In some cases, it also includes an admin element.