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Halifax offers to refund homebuyers' valuations if their property purchase falls through

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Money back: Halifax will return the cost of a homebuyers' valuation if the property purchase falls through and it is not their fault

Money back: Halifax will return the cost of a homebuyers' valuation if the property purchase falls through and it is not their fault


Mortgage giant Halifax has become the first lender to offer to refund homebuyers' valuation fees if their purchase falls through.



Britain's biggest mortgage lender says that it will return the cost of the standard valuation, which depends on a property’s size and starts at £370, to the buyer if the purchase does not go ahead through no fault of their own.

But the money will only be returned to them if they successfully buy another property with their Halifax mortgage, which they will have had to pay another valuation fee for.

Some mortgage deals already offer free valuations to buyers, as do many remortgages.

Stephen Noakes, mortgage director at Halifax, said: ‘Unfortunately from time to time sales can fall through, which is not only disappointing for the homebuyer, but costly too. 


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