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RICS Valuation for Help to Buy Loan Redemption


What is help-to-buy valuation?

Help-to-buy valuation is an independent valuation from a RICS registered valuer for a property bought with help-to-buy scheme. Help-to-buy scheme is introduced by Government to help first time home buyers. Under this scheme the government lends up-to 40% of the cost of property to eligible home buyers.

In a scenario, where home owner decide to repay loan, remortgage house, or sell the property, an independent valuation from a RICS registered valuer is needed.

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

Help-to-buy valuation is needed to get an independent assessment of market value of a help-to-buy home. The government appointed administrator or housing association requires home owner to provide a valuation report from an independent surveyor, who is RICS (Royal Institute 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?

Home owner can get a help-to-buy valuation by instructing a 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 RICS
  • The valuer must be independent to an estate agent
  • The report must be on headed paper, signed by the RICS surveyor
  • 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 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 of help-to-buy valuation. We have 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 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 to plan the booking in advance as far as possible. We are happy to be as flexible as possible.

How much does it cost?

HouzeCheck provide 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 easist way is to submit your details on the right hand side form. Our appointments team will call you within 2 hours (9am to 8pm - Monday to Friday) to book an appointment. Once the property is inspected, the report is delivered in five working days.

Alternatively, you may call our contact center 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