HSBC removes standard property valuation fee
HSBC for Intermediaries has removed the valuation fees it charges in a move that will save mortgage borrowers hundreds of pounds.
By removing the valuation fee, HSBC says its customers will save £173 for property values between £150,001 and £200,000, £227 for property values between £250,001 and £300,000, and £281 for property values between £400,001 and £500,000.
Aaron Strutt, product director at Trinity Financial, says: “More of the lenders are providing a free property valuation on purchases and most of them waive the valuation fee when you remortgage.”
HSBC says it will conduct an AVM which is an automated valuation, although this is typically used for remortgages.
The bank says it has reduced fees for its homebuyer reports and building surveys, helping borrowers who prefer more detailed reports.
Call Trinity Financial on 020 7016 0790 to secure a mortgage
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
