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Barclays introduces free valuations for homes worth up to £2m

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Barclays has introduced free valuations for all residential purchases of properties up to the value of £2m.

In a note to brokers, the lender says clients could save up to £930 as part of the new deal and could have their mortgage approved, or receive a mortgage offer, with no upfront mortgage-related fees, when they choose a loan with no product fees.

The lender is also now using automated valuations for select purchase cases, subject to location and availability.

If the automated valuation is applicable, brokers will see ‘no valuation required’ in Barclays’ application system.

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