Halifax to hand back valuation fees

If the property is purchased above £200,000 the fee is paid back directly to the customer on selected products.

The building society has also launched two new mortgages for first-time buyers and homebuyers.

Both products are 2-year fixed rate with a £1,499 fee, with the first standing at 2.89% at 80% LTV, while the second at 90% LTV has a rate of 4.69%.

Ian Wilson, head of Halifax Intermediaries, said: “At Halifax Intermediaries, we appreciate how expensive it can be for your clients to move home - especially if they’re buying their first home.

“That’s why, we’re offering valuation fee refunds for all home buyers with a mortgage of £200,000 and above on selected products.”