Halifax to refund valuation costs if house purchases fall through

25 June 2012

Halifax is the first lender to guarantee a refund of valuation costs where the transaction does not complete. The costs will be refunded when the mortgage applicant goes on to complete on an alternative property with Halifax.

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. By refunding the valuation fee when this happens, it will alleviate some of the extra burden for buyers to fund the valuation fee for their next property purchase.” This is another example of Halifax challenging market norms in order to support customers through the home buying process.”

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