Here are the latest updates from Barclays. These products are available via our direct to lender mortgage club which offers you payment on completion and a lot more besides!
We’re updating our valuation fees: Lower costs and greater certainty
Valuation fee improvements designed for you and your clients
You’ve told us that simple, clear processes matter most.
With that in mind, we’re pleased to introduce a series of positive enhancements to our valuation fees that are designed to provide greater value for your clients and make costs clearer for you.
From Sunday 22 March, these changes will reduce costs for many customers while also improving transparency across higher-value cases.
Changes apply only to new applications submitted on or after this date.
Applications submitted before Sunday 22 March will continue under the current fee structure.
Increased free valuation threshold for residential purchases
The maximum purchase price eligible for a free valuation on residential purchases is increasing from £2 million to £3 million.
This represents an average saving of £1,200 for clients purchasing within this range.
A new fixed valuation fee for residential purchases where the property is valued above £5 million
For residential properties valued above £5 million, we’re introducing a fixed valuation fee.
Providing greater clarity and making it easier to set clear expectations with clients at submission.
Buy-to-let (BTL) purchases valuation fee removed
We’re also removing valuation fees entirely on all BTL purchase applications up to £500,000.
Delivering an average saving of £290 per purchase.
These enhancements are part of our continued commitment to making it easier to work with us, and provide better outcomes for your clients.