Barclays introduces free residential valuations

Customers can now get their mortgage approved, or receive a mortgage offer, with no upfront mortgage-related fees (if they choose a product with no product fee).

In addition, Barclays Mortgages are now using Automated Valuations for select purchase cases, subject to location and availability.

Tony Fullbrook, Head of Purchase, Mortgages said: “We’re pleased to be able to reduce the upfront costs for customers who are buying a home or moving home, by removing the mortgage valuation fee for properties up to £2m. This will help both first time buyers and home movers with a saving of between £160 and £930 depending on the property value. We already carry out free valuations for remortgages so it’s great to be able to extend this to home purchases.”