HSBC removes valuation fees

Ryan Bembridge

September 11, 2017

HSBC has removed valuation fees from its mortgage products with immediate effect.

The change will save buyers £173 for property values between £150,001 and £200,000, £227 between £250,001 and £300,000, and £281 for properties between £400,001 and £500,000.

Tracie Pearce, HSBC UK’s head of retail products, said: “We are working to improve the home-buying process and this is a significant move, making it simpler for both remortgagors and those purchasing a home.

“Buying a house is a major financial investment, particularly for first time buyers, so by removing valuation fees and potentially saving them hundreds of pounds we are helping them to keep initial costs down and improving their cashflow, giving them a bit more spending power when they move in.”

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