RICS Help to Buy Valuation
Why You Need a Help to Buy Valuation Report
Whether you’re selling your property. Settling your Help to Buy equity loan in full, or just making a partial repayment. There’s one crucial step you can’t skip. Getting a proper Help to Buy Valuation. It’s not just a formality it’s how your repayment figure is calculated fairly, based on what your home is actually worth today.
When is Help to Buy Valuation Required
There are several scenarios where it’s not optional—it’s essential:
- You’re putting your home on the market under the Help to Buy scheme
- You’re repaying the loan in full, but keeping the property
- You’re making a partial repayment—also known as staircasing
- You’re remortgaging to remove the Help to Buy charge from your property
Each of these requires a formal valuation that meets strict criteria set by Target HCA—the body appointed to manage the scheme.
Why Choose Taylor for Help to Buy Valuation in London and South East
Chartered Surveyors Providing Help to Buy Valuation 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.
Our Help to Buy Valuation Cost £240 including VAT
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 Book your help to buy valuation today: 020 8508 7008
How to Book a Help to Buy valuation
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.
Looking for some Advice on help to buy Valuations Requirement?
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.
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:
Let’s arrange your valuation today: 020 8508 7008
IMPORTANT! Help to Buy Valuation Report
The Report itself is a fairly straightforward procedure for a Chartered Surveyor, however there are certain structures 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.
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Help to buy Valuations
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Frequently Asked Questions
Help to Buy Valuation
Anything we haven’t covered? Just let us know!
You’ll need a Help to Buy valuation if you’re selling your property, repaying your Help to Buy equity loan (in full or in part), or remortgaging. Homes England requires an independent valuation from an RICS Registered Valuer before your application can proceed.
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. A Help to Buy valuation must be carried out by an independent RICS Registered Valuer. The valuation report must meet Homes England’s requirements and be completed by a surveyor who is qualified to provide this type of valuation.
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.
The cost depends on the property’s size, location, and complexity. Most surveyors provide a fixed fee, with no hidden charges.
A Help to Buy valuation report is typically valid for three months from the inspection date. If it expires, a new valuation may be required.
Most property inspections take between 30 and 60 minutes, and the valuation report is usually delivered within a few working days.
The report includes:
The current market value
- Property details
- Comparable sales evidence
- Valuation methodology
- Confirmation that it complies with Homes England requirements
You submit the valuation report to the Help to Buy administrator as part of your application to sell, remortgage, or repay your equity loan.
When do I need a Help to Buy valuation?