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Mortgage Valuation Fee - No Valuation Done Though
astroboy_3
Posts: 3 Newbie
Hello,
I applied for a mortgage with Halifax, however, they rejected it even before a valuation was done. Their T & C state:
Valuation fee which is payable on application. The fee quoted here is an
£355.00 estimate based upon the purchase price and may change once the valuation has been carried out. This fee is not refundable.
I know it says not refundable...but they didn't even carry out a valuation. Is there any recourse?
Thanks
I applied for a mortgage with Halifax, however, they rejected it even before a valuation was done. Their T & C state:
Valuation fee which is payable on application. The fee quoted here is an
£355.00 estimate based upon the purchase price and may change once the valuation has been carried out. This fee is not refundable.
I know it says not refundable...but they didn't even carry out a valuation. Is there any recourse?
Thanks
0
Comments
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How do you know they didn't carry out a valuation?0
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Call them!
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Well I know they didn't arrange with the seller for someone to go and visit the property to evaluate it.0
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if its a valuation rather than a homebuyers report/survey then they probably just did a valuation on the external of the property. Easy money0
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Some valuers have software which allows them to do electronic valuations. No actual visit is required.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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