Help to Buy Valuation
RICS Help to Buy Valuations
Chartered Surveyors Providing Help to Buy Valuations at a Fixed Price of £240 including VAT in London, The South East & The Home Counties
If you have bought a home with a loan from the Help to Buy scheme you may be looking to repay, remortgage or sell your property. In order to do this, Target, who have been appointed by the HCA to administer the scheme, require you to get an independent Help to Buy Valuation report.
The Help to Buy Valuation will determine the amount repayable in direct proportion to the current market value of your property, and must be conducted by a Chartered Surveyors regulated by the RICS.
Thankfully, at Taylor Chartered Surveyors we are here to do just that. We have carried out over 5,000 help to buy valuations.
With exceptional market knowledge, professional intelligence and years of experience dealing with Property Valuations, we are here to help you take your next steps up the property ladder at a fixed cost of just £240 including VAT.
Let’s arrange your valuation today: 020 8508 7008
Looking for some Advice on Repayment?
HELP TO BUY PROPERTIES CAN BE A DAUNTING TASK, ESPECIALLY IF IT’S YOUR FIRST HOME.
We’ve put together an easy to follow introductory guide to help you with some of the questions you may have around repayment options when starting your Help to Buy journey. Our one page guide will give you everything you need to know before taking your next big step.
Understanding Help to Buy Valuations
If you are living in London you may have received a loan of up to 40% of the purchase price from the Help to Buy scheme. This must be repaid after 25 years, or sooner if you choose to sell your home during this time. Additionally, you can choose to pay the loan off earlier, or to remortgage before mandatory repayment comes into effect.
Importantly, the amount that you must pay back will be calculated on the value of the property at the time of repayment, not the original purchase price.
As such, choosing when to pay back your loan on your own terms can be advantageous if the market value of your property has decreased since the initial purchase. Conversely, if the value of the property has increased, you will end up paying more than you initially borrowed.
Once you have your Help to Buy Valuations you must send it to Target, who will in turn calculate the value of your loan and provide you with the repayment figure.
HAS IT ALREADY BEEN 5 YEARS SINCE YOU SECURED YOUR HELP TO BUY LOAN?
If so, your interest-free period is up and you will start being charged a rate on the money you’ve borrowed. Use our help to buy interest calculator below to find out how much is being added to your repayments each month:
IMPORTANT!
The Report itself is a fairly straightforward procedure for a Chartered Surveyor, however there are certain strictures that govern who can conduct a Help to Buy Valuation for you:
- The Valuer must be regulated by the RICS
- The Valuer must be independent of an Estate Agent
As an Independent Chartered Surveyors, that’s us.
Frequently Asked Questions
Taylor Surveyors Help to Buy FAQs
Anything we haven’t covered? Just let us know!
You need a Help to Buy Valuation if you are selling your property, redeeming the loan (with or without finance), or if you wish to pay back a part of the loan.
You do not need a valuation to simply get on the Help to Buy scheme.
Most likely. We’re based in Loughton, but we travel to conduct valuations in the following postcodes:
- IG1-IG11
- RM1-RM20
- E1-E20
- EN1-EN11
- AL1-AL10
- BN1-BN45
- BR1-BR8
- CB1-CB25
- CM0-CM77
- CO1-CO16
- CR0-CR9
- CT1-CT21
- DA1-DA18
- GU1-GU52
- HA0-HA9
- HP1-HP27
- KT1-KT24
- LU1-LU7
- MK1-MK46
- ME1-ME20
- N1-N22
- NW1-NW11
- OX1-OX49
- RG1-RG45
- SE1-SE28
- SM1-SM7
- SS0-SS17
- TN1-TN40
- TW1-TW20
- UB1-UB18
- W1-W14
- WD3-WD25
- CT1-CT21
- PE1-PE9 PE15-PE16 PE 19 PE26-29
- IP1-IP33
Inspections take place from Monday to Friday, 7am to 6pm, and we’ll always try and find a time that works for you. No one likes waiting around.
Depending on the size of your property, the inspection itself will take between 10-25 minutes. That’s not including a tea break.
No one likes waiting around, so we guarantee to have your Help to Buy Valuation Report ready in 3 working days. When circumstances dictate that you need the report sooner, we can expedite the process and have a report ready for you in 24 hours. Just let us know.
As long as we carried out the initial valuation, we will be happy to provide the desktop valuation free of charge. If we did not produce the report, we will have to charge you our flat rate of £200.
Yes, of course. We produce Help to Buy Valuation Reports every week and are in direct contact with Target to ensure that all of our valuations are fully compliant.
All of our Help to Buy Valuation Reports are based on our professional intelligence and market experience, and valuations will be a fair reflection of the current market value. That said, we are always open to hearing your views on the value of your property and if you feel there has been a mistake, or something we have overlooked, please do let us know.
Let’s arrange your valuation today: 020 8508 7008