Disgusting and unjustified

Ian_Griffiths_Halifax

I did a decision in principle for a client doing a Buy to Let last week with The Mortgage Works (part of Nationwide) and the valuation fee at the time was £285.

Converting it to a Full Application today and the valuation fee has been increased to £375 :eek: .

How can the valuation fee increase of £90 be justified when the value of the property hasn't increased?

A blatant rip off.

minimike2

Off with thier heads!

That said, TMW have some pretty decent products a lot of the time. Im guessing the property val would have been IRO £120k ish? In which case that is a very high fee for a basic val.

But what can you do.

Ian_Griffiths_Halifax

£150k value, but that's a big increase at the same time as a .2% increase in their 2 year Base Rate Tracker deal with a 2.5% arrangement fee.

midflight

Reading the title of this thread, I assumed it was going to contain news of a Robbie Williams comeback.

A blatant rip off.

Agreed, that's sneaky. I thought Nationwide were generally considered to be one of the fairer institutions out there? I suppose it just goes to show, we are living in torrid times...

koexelek

I think Nationwide have put all their survey fees up recently.

I knew they had on their own branded stuff, so I suppose TMW would follow.