What are the valuation fees for a re-mortgage?
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I am looking to remortgage my home in Bristol.
Richard
1 year ago
Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
Many lenders will offer valuation and legal fee incentives to acquire your business and even though this might sometimes come with a higher rate than a package without these perks, when you add up the cost of them its often still cheaper in the long run.
there is no set scale for valuation fees as most lenders include other charges in the fee scale so you could see a difference of over £200 from one lender to another to value a property of the same estimated value.
A good IFA will help you to get the best deal for your circumstances but you will need a decent amount of equity to make it worth leaving your current lender unless you are on a very high rate as most remortgage deals are only really competitive when you have at least 20% equity. But this does change daily!
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there is no set scale for valuation fees as most lenders include other charges in the fee scale so you could see a difference of over £200 from one lender to another to value a property of the same estimated value.
A good IFA will help you to get the best deal for your circumstances but you will need a decent amount of equity to make it worth leaving your current lender unless you are on a very high rate as most remortgage deals are only really competitive when you have at least 20% equity. But this does change daily!
