Clydesdale Bank has announced an important product update for advisers. Please see below for more details. Contact us for more information, alternatively, you can visit their website here.
ANNOUNCEMENTS
Improved Clydesdale Bank valuation fees
Great news, we’ve updated our approach to Clydesdale Bank valuation fees.
Free valuations
Clydesdale Bank products currently all come with a free valuation, for properties up to £3m. That’s all new Clydesdale Bank purchase and remortgage applications for both Residential and Buy-to-Let, excluding porting.
Now, where we offer a free valuation and the property is valued over £3m, we’ll cover the cost up to £3m. This means that for properties over £3m, your client pays the difference in fee between £3m and the value of their property, instead of paying the full price.
This change takes effect for any applications received yesterday (Monday 13 October) onwards.