Clydesdale Bank has revised its approach to valuation fees, extending the benefit of free valuations across its residential and buy-to-let ranges.
The bank’s products already include free valuations on properties worth up to £3 million for both purchase and remortgage applications, excluding porting.
Under the new policy, Clydesdale will now also contribute towards valuations on properties valued above £3 million, covering costs up to that threshold.
This means that for higher-value homes, clients will only pay the difference in valuation fee between £3 million and the property’s actual value, rather than the full amount.
The change further enhances Clydesdale’s offering to borrowers at the upper end of the market, particularly those purchasing or refinancing larger homes who may previously have faced higher upfront costs.