You are here: Home - News -

HSBC ditches valuation fees

by:
  • 11/09/2017
  • 0
HSBC ditches valuation fees
HSBC has removed all valuation fees on its mortgages from today.

The lender said the move would provide a consistent approach across its product range and potentially save home buyers hundreds of pounds.

Previous typical HSBC valuation fees were:

  • £173 for property values between £150,001 and £200,000;
  • £227 for property values between £250,001 and £300,000;
  • £281 for property values between £400,001 and £500,000.

 

HSBC UK head of retail products Tracie Pearce said the bank was working to improve the home-buying process for both remortgagors and those purchasing a home.

“Buying a house is a major financial investment, particularly for first-time buyers, so by removing valuation fees and potentially saving them hundreds of pounds we are helping them to keep initial costs down and improving their cashflow, giving them a bit more spending power when they move in,” she said.

There are 0 Comment(s)

You may also be interested in

  • RT @htbplc: 📢 | We're at the @mortgagesols Specialist Lending Event next month in Esher, Solihull, York and Liverpool. Interested in atten…
  • RT @ShawbrookBroker: Join us at the @mortgagesols Specialist Lending Event 2019 throughout Feb! Don't miss industry experts addressing the…
  • RT @OTJournalist: Eastgate to join Shawbrook as MD of commercial mortgages operation. He's spent more than six years at OSB. https://t.co/y…

Read previous post:
Public finance surplus means it’s a good time to cut Stamp Duty – Stonebridge

Chancellor Philip Hammond is likely to have enjoyed his summer holiday much more thanks to the latest public sector borrowing...

Close