Clydesdale Bank has up to date its valuation charges for properties as much as £3m.
For all new buy and remortgage purposes on each residential and buy-to-let (BTL), the lender will cowl the valuation price.
If the property is over £3m, the borrower pays the distinction in fee between £3m and the worth of their property, as a substitute of the total value.
Elsewhere, Hodge has decreased choose two-year fastened rates throughout its total mortgage vary on new enterprise and retention merchandise.
The lender has lowered RIO rates by as much as 0.25%, with related cuts throughout its Resi Retire product, whereas different rates have gone down by a mean of 0.15%.
Hodge enterprise improvement director Emma Graham says: “These charge reductions will assist brokers present higher worth to their prospects in search of a specialist mortgage answer.”
“Lending from the age of 21, each as much as and into retirement, our handbook underwriters undertake a versatile method to underwriting, reviewing every case individually including a human contact and placing the shopper on the coronary heart of the decision-making course of.”
