Clydesdale Bank updates valuation fee policy to support high-value borrowers

Published on

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.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Halifax retains top spot in broker satisfaction survey

Halifax has once again been named the best overall lender for broker experience in...

Nationwide cuts switcher mortgage rates for existing borrowers

Nationwide is reducing rates across its switcher mortgage range for existing customers by up...

Hinckley & Rugby adds visa mortgage products to offering

Hinckley & Rugby for intermediaries has launched four two-year discount visa mortgage products across...

NatWest strengthens broker support with intermediary team expansion

NatWest has expanded its intermediary leadership team with the creation of two new corporate...

LMS chief executive Nick Chadbourne to step down

LMS has announced that Nick Chadbourne is to step down as chief executive after...

Latest publication

Other news

Halifax retains top spot in broker satisfaction survey

Halifax has once again been named the best overall lender for broker experience in...

We’re only scratching the surface with Near Prime

The growing importance of Near Prime to brokers and their clients was evident during...

Nationwide cuts switcher mortgage rates for existing borrowers

Nationwide is reducing rates across its switcher mortgage range for existing customers by up...