Halifax Mortgage Advice - Property Valuation

otaki04

Just a buyer beware story; myself and my other half went down the direct application route as opposed to a brokers route as we were pretty comfortable with what we needed to do despite being FTB. Went through the application yesterday having received our DIP and were charged a £280 valuation fee due to the valuation we had not being completed by an approved firm.

Circumstances meant I had to phone back today to check on something else and i found out that we had been incorrectly informed (I'm beginning to think deliberately). Have subsequently had the firm that did the valuation checked and they have found that they are acceptable so will be sourcing a free of charge re-type and we are having our £280 refunded.

Happy I called back when i did but i would have been livid if i found out at a much later date!

kingstreet

How did you come to have a valuation already in your possession?

Are you in Scotland? Was it the HomeReport?

Otherwise, Halifax normally instructs its in-house firm, Colleys to carry out its valuations for English/Welsh cases.

The £280 valuation fee includes a £100 administration fee which should still be payable. Having a re-type should mean a refund of the £180 attributable to the cost of the mortgage report & valuation, not to the full fee.

otaki04

Yes I'm in Scotland. Slightly strange situation where we are purchasing the property from my Parents and they had instructed for a valuation to be undertaken.

We therefore had a scheme 1 Valuation and Inspection done by a firm that is apparently confirmed as on a panel used by Halifax; J & E Shepherd.

As for the breakdown of the fee it's possible that there may have been another mistake and if so I'll have to get back in touch and check.