Expert Help to Buy Valuation Services from RICS Accredited Valuers

When you come to settle or decrease your help to buy loan you will need to provide a valuation report provided by a registered Royal Institute of Chartered Surveyors (RICS) valuer. We are registered RICS valuers and we are independent of an estate agent.

There are two instances where a valuation will be required:

Full redemption

If you intend on selling your property, you will be required to pay back all of your Help to Buy loan. The repayment amount is dependant on the value of the property at that moment in time, as determined by the RICS Help to Buy valuation.

Staircasing

You will require a Help to Buy valuation to be able to ‘staircase’.

Staircasing is a process that allows you to partially repay your loan without selling the property, so that you can increase the share that you own of the property.

The Help to Buy Valuation criteria set out by TARGET HCA is as follows:

The valuation must comply with the following criteria:

The report must be on headed paper, signed by the RICs surveyor and addressed to Homes England.

• The value must provide three comparable properties and sale prices.

• The comparables provided must be like for like in terms of type, size, age and within a 2 mile radius of the property that is being inspected.

• The valuer must not be known to you.

• The valuer must inspect the interior of the property and provide a full valuation report.

• Valuations carrier out for bank or mortgage purposes are not acceptable.

• A copy of the valuation report must be supplied to target, the inspection date must be shown on the report.

Please note: The RICS valuation will only be valued for three months by Help to Buy. If the transaction does not complete within this time you will need to provide another valuation at your own cost. This further valuation can be a desktop valuation from the surveyor who originally inspected the property. It must be conducted and sent to Homes England within 2 weeks of the original valuation expiring and will only be valid for a further three months.