Clydesdale Bank has updated its approach to valuation fees, confirming that all new residential and buy-to-let purchase and remortgage applications now include a free valuation for properties valued up to £3m.
The update applies to all applications received from yesterday (Monday 13th October) onwards and excludes porting cases.
For properties valued above £3m, Clydesdale will cover the cost of the valuation up to the £3m threshold.
Clients will only pay the difference in valuation fee between the £3m limit and the actual value of their property, rather than the full valuation cost.
