MortgagesSep 26 2014

Halifax to refund valuation fee for homebuyers

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Available from today (26 September), Halifax Intermediaries will refund the cost of valuation for first-time buyers and homemovers borrowing more than £200,000 on selected products.

Upon completion the refund will be paid directly to the customer. For people purchasing in Scotland, a refund of £250 will be made.

Ian Wilson, head of Halifax Intermediaries, said: “We appreciate how expensive it can be for your clients to move home – whether they are a first time buyer or a home mover.

“That is why we are offering valuation fee refunds for all home buyers with a mortgage of £200,000 and above on selected products.”

Halifax also offers a valuation fee promise which means it will refund a customer’s first valuation fee if their initial purchase falls through and they go on to complete on a mortgage for another property.