First Direct mortgage rates cut and cheaper fees

Thrugelmir

fraser wrote: »

house valuation is £270, Homebuyers £655, Building structural survey is £880

Did you intend making a comment on these charges?

sebtomato

fraser wrote: »

house valuation is £270, Homebuyers £655, Building structural survey is £880

The surveys/valuation fees are based/proportional on the price of the property purchased. Basic valuation starts at £130 for a property worth up to £75K

mantamark

i was told thier valuation fees were (for the house we are after) £99 if it was on a main road & they could do a "drive by" valuation, otherwise it was £160 for a "full" valuation.

Or have i been given the wrong info?

fraser

Thrugelmir wrote: »

Did you intend making a comment on these charges?

not really, don't remember them saying the charges varied due to house size etc, makes sense though

the above were on an assumption of a £400k property

sebtomato

mantamark wrote: »

i was told thier valuation fees were (for the house we are after) £99 if it was on a main road & they could do a "drive by" valuation, otherwise it was £160 for a "full" valuation.

Or have i been given the wrong info?

This is an external valuation, only available for remortgaging and under other conditions. If you are buying the house, this won't apply, and you will need to pay at least the standard valuation.

sebtomato

fraser wrote: »

not really, don't remember them saying the charges varied due to house size etc, makes sense though

the above were on an assumption of a £400k property

The numbers you gave are indeed for a property up to £400K. There is a table provided with their forms, showing the various valuation fees for the various price ranges.

pardal51

sebtomato wrote: »

The numbers you gave are indeed for a property up to £400K. There is a table provided with their forms, showing the various valuation fees for the various price ranges.

Hi, Can you post the table for us please? I am thinking of going FD for mortgage (still haven't found the property yet). Do you guys know whether I need to apply for the FD current account first in order to get the mortgage? My credit file is clean so I dont want to waste a credit search (current acount) if it is not needed.
Cheers

sebtomato

pardal51 wrote: »

Hi, Can you post the table for us please?

It's quite a large table, so I don't have time to rewrite everything. I don't think those are very different from usual survey fees found elsewhere.

However, here are some numbers:

£100K to £150K

• External valuation (remortgage only): £99
• Standard: £160
• Home buyer: £415
• Structural: £565

£200K to £250K

• External valuation (remortgage only): £99
• Standard: £200
• Home buyer: £555
• Structural: £730

£300K to £400K

• External valuation (remortgage only): £99
• Standard: £270
• Home buyer: £655
• Structural: £885

You can always call them if you need specific fees for a specific range.

mantamark

Ah right, so because we are moving home we have to pay for the bigger valuation?

Is it worth going for the homebuyers or structural over the standard?

Are these paid up front, or added onto mortgage?

maggiemayhem

sebtomato - Thanks