The free valuations scheme, which was first launched in the Spring of 2005, applies to all products except buy-to-let. Mortgages plc’s offer is genuinely ‘free’ – no payment is required from the borrower.
The free valuations scheme continues to be available:
• on all discounted and fixed rate products (except buy-to-let)
• on cases submitted on a direct basis only
• for purchase and remortgage
• in England, Wales, Scotland & Northern Ireland
• for a standard mortgage valuation report (limited to one per application/property)
All valuations must be instructed by Mortgages plc and retypes, if transferring to other lenders, will be charged on the valuer’s full standard fee scale.
Julian Wells, head of marketing at Mortgages plc, said: “Our free valuations scheme has always been popular with intermediaries and introducers and we’re delighted to be extending the scheme for another 12 months. This is a genuinely free deal which enables intermediaries to provide their clients with a real added value benefit.”
