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Refund on valuation fee?
MickeyDaMouse
Posts: 97 Forumite
I paid my mortgage company a fee of £350 for a mortgage valuation survey on my property. The valuation came back at £10k less than the property was on the market for. The price was dropped from the lender to £10k less understandably as a result.
I noticed on the offer paperwork that the valutation fees are listed. My property was in one bracket before the price dropped. Now it's in a cheaper bracket. Do you think I would be abel to ask for a partial refund in the valuation fee?
I noticed on the offer paperwork that the valutation fees are listed. My property was in one bracket before the price dropped. Now it's in a cheaper bracket. Do you think I would be abel to ask for a partial refund in the valuation fee?
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Comments
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Got to be worth a shot!I am a Mortgage BrokerYou should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Im with David. It would be interesting to hear how you get on.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Can't say I've ever had this come up before, but I would say you've got a 50/50 chance depending on the firm and how reasonable they're feeling.
...on that note, I hope it's not Colleys.I am a Mortgage BrokerYou should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Highly doubt it to be honest although no harm in trying. Imagine if the valuation came back and pushed it up to a higher fee tier, you wouldn't expect them to bill you the difference.0
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