Home    Can The Housing Loan Appraisal Fee Be Taken Back?

Consumers who apply for home loans to buy houses are charged by experts who charge fees.

The fee is paid for the report on the value of the property. Under the expertise report, the value of the property to be purchased will be determined according to its characteristics such as age and location.

The expertise report is being prepared by valuation experts. The appraisal report is being prepared after the necessary price is paid to the expertise company.

Well, is the fee for the appraisal legal? Can the housing loan appraisal fee be taken back?

The housing loan expertise fee can not be recovered. The reason for this is that the appraisal institutions are independent from the banks. In the previous application, the commission received by the banks under the name of housing loan expertise fee was returned.

For example, the specialist fee you paid 300 TL is now charged as 500 TL. Accordingly, the bank itself received 200 TL commission. The commission received in this way was returned back.

However, according to the current practice, the banks do not receive any commission on the appraisal fee. Therefore, the housing loan expertise fee is not refunded.

Under the expertise report, the value of the property to be purchased will be determined according to its characteristics such as age and location. It is being prepared by valuation experts. But to the question if this fee can be taken back or not, the answer is, unfortunately, no. The housing loan expertise fee can not be recovered at the moment. The reason for this is that the appraisal institutions are independent from the banks. In the previous application, the commission received by the banks under the name of housing loan expertise fee was returned.

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