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RICS Valuation for Help-to-Buy Loan Redemption

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What is a help-to-buy valuation?

A help-to-buy valuation is an independent valuation from an RICS Registered Valuer for a property bought with the help-to-buy scheme. The help-to-buy scheme was introduced by the government to help first time home buyers. Under this scheme the government lends up to 40% of the cost of the property to eligible home buyers.

In a scenario where a home owner decides to repay a loan, remortgage a house, or sell a property, an independent valuation from an RICS Registered Valuer is needed.

Why do I need a help-to-buy valuation?

A help-to-buy valuation is needed to get an independent assessment of the market value of a help-to-buy home. The government appointed administrator or housing association requires the home owner to provide a valuation report from an independent surveyor, who is an RICS (Royal Institution of Chartered Surveyors) Registered Valuer.

The independent valuation helps to calculate the amount that needs to be paid back.

How can I get a help-to-buy valuation done?

A home owner can get a help-to-buy valuation by instructing an RICS Registered Valuer. There are certain requirements that need to be confirmed at the point of instruction. The standard requirements are:

  • The valuer must be registered with the recognised qualification of the RICS
  • The valuer must be independent to an estate agent
  • The report must be on headed paper, signed by the RICS surveyor/valuer
  • The valuer must provide at least three comparable properties and sale prices
  • The comparables provided must be like-for-like in terms of property type, size, and age
  • The valuer must not be related or known to the home owner
  • The valuer must inspect the interior of the property and provide a full valuation report
  • Valuations carried out for bank or mortgage purposes are not acceptable
  • A copy of the valuation report must be supplied
  • The inspection date must be shown on the report

What to expect when a help-to-buy valuation is done by HouzeCheck?

HouzeCheck Surveyors meet all the requirements for help-to-buy valuations. We have a 100% record of all valuations accepted.

From the point of instruction till the report is delivered the whole process is usually completed within 5-10 working days. In urgent circumstances, we can deliver the report sooner. Please let us know while instructing us for the job.

Please note that the help-to-buy valuation is usually valid for 3 months. We therefore advise you to plan the booking in advance as far as possible. We are happy to be as flexible as we can regarding this.

How much does it cost?

HouzeCheck provides a help-to-buy valuation report at a low fixed fee. The fixed fees (including VAT) are:

  • Upto 2-bed property: £249
  • 3-bed property: £299
  • 4-bed property: £349
  • 5-bed property: £399

How can I instruct HouzeCheck to get a valuation as soon as possible?

The easiest way is to submit your details on the online form provided. Our appointments team will call you within 2 hours (9am to 8pm - Monday to Friday) to confirm the appointment date/time as per your convenience. Once the property has been inspected, the report will be delivered within 5 working days.

Alternatively, you can call our contact centre on 0330 113 1133.

Book Surveyor for Help to Buy Valuation

fixed fees* (including VAT): 2-bed £249 | 3-bed £299 | 4-bed £349 | 5-bed £399
* For properties above £1 million, there is additional fee