Survey quotes in seconds

Book in your RICS Help-to-Buy Valuation in Cardiff

Header Star Icon
Excellent
4.9 out of 5 star rating on Trustpilot
Trustpilot
Hero Left House For RICS Help-to-Buy Valuations in Cardiff
Hero Right Surveyor For Cardiff RICS HTB Valuations
As seen on
ITV News TV Appearance The Times Featured AI Tech Company The Guardian - Homemove Insert Feature

The best place to instantly book RICS Help-to-Buy Valuations in Cardiff

With thousands of successful bookings, Homemove is the UK's leading provider of RICS Help-to-Buy Valuations in Cardiff. Trusted by homeowners nationwide, we guide you from preparing your property for sale to arranging comprehensive Help-to-Buy valuation, ensuring every step of your home-moving journey is smooth and on track.

Hero Left House For Cardiff RICS qualified Surveys

The surveyors in Cardiff we work with:

  • are both RICS qualified and registered
  • are independent of any estate agent
  • will inspect the inside of the property
  • will provide at least 3 comparable properties
  • comparables will be like-for-like in type, size and age, and within 2 miles of your property
Homemove Level 3 RICS Surveyors Cardiff

Compliant Help-To-Buy Valuations

1

Signed and dated by the surveyor

It's required that the valuation report is signed and dated by the surveyor.

2

Headed paper

Your help to buy will be put on headed paper as required.

3

Supplied as a PDF file/document

Your surveyor will provide your report in a bespoke pdf ready to be sent to Homes England.

What are your Help-to-Buy options?

Staircasing

It is also necessary to have a Help to Buy valuation if you intend to 'staircase'. Your proportion of ownership increases when you partially repay your loan. In the event that the value of the property increases, the amount you owe increases with it. The outstanding loan amount decreases if the value falls. In order to ensure that the calculations with respect to monies owed are accurate, it is essential that you get an independent valuation when any changes to your loan are made.

Homemove Homes England Help To Buy Surveyors

Full redemption

Your Help to Buy loan must be repaid if you sell your property in Cardiff. RICS Help to Buy valuation determines how much must be repaid depending on the property's value at the time.

Homemove Homes England Help To Buy Surveyors in Cardiff

FAQ

What is a RICS Red Book Valuation?

Valuations based on the RICS Red Book differ from appraisals based on estate agents' valuations. Using their extensive knowledge and experience, surveyors will assess the size, condition, and location of the property. We value properties based on the results of this assessment in conjunction with similar properties that have recently sold in the local Cardiff area. By utilising the guidelines issued by the Royal Institute of Chartered Surveyors, Red Book Valuations provide an industry standard when it comes to property valuation methodology and details.

How much will you need to repay on your help to buy?

Equity loans are calculated based on the market value of your property and the equity loan percentage amount when you sell your home. RICS valuations or sales prices are used to determine the market value of your property (whichever one is higher). Interest, fees, and any other payments you still owe are included in the total amount you repay. Before completion, you must pay them back in full. To determine the value of your property a RICS surveyor will give you an accurate estimation.

How much does a Help-to-Buy valuation cost in Cardiff?

You can expect to pay between £195 - £850 for a help-to-buy valuation from a RICS surveyor in Cardiff depending on the property price and the number of bedrooms the property has. The bigger the property the more time it takes to complete the valuation and find comparable property sales.

Article Highlight

The Value of Securing a Help-to-Buy Valuation with Proficient Accredited Surveyors in Cardiff

The Help-to-Buy initiative in the UK has been a benefit for prospective homeowners, enabling them to secure a home loan and step onto the housing ladder with ease. However, as you work through the process, it's important to understand the significance of booking a Help-to-Buy estimation and selecting an knowledgeable and qualified surveyor in Cardiff, Vale of Glamorgan. In this article, we will examine the intricacies of the Help-to-Buy estimation process, the criteria, and the different contexts in which a Cardiff Help-to-Buy survey is essential.

The Help-to-Buy Valuation: A Critical Process

As a homebuyer utilising the Help-to-Buy initiative, you'll eventually need to repay the equity loan provided by the government. This repayment often coincides with offloading the property, remortgaging, or reaching the end of the loan term. It is in these circumstances that a Help-to-Buy estimation becomes necessary. This appraisal aims to establish the existing market value of the property, which determines the amount to be repaid on the equity loan.

The Importance of Seasoned and Proficient Cardiff Help-to-Buy Surveyors.

The Help-to-Buy estimation is an important process for those looking to offload, refinance, or repay their equity loan. Therefore, it's imperative to enlist the help of an experienced and qualified Cardiff Help-to-Buy surveyor for the assessment. Here are a few reasons why:

  • RICS Certification: Help-to-Buy estimations must be carried out by a Royal Institution of Chartered Surveyors (RICS) registered surveyor. These professionals have comprehensive knowledge and experience in the property market and adhere to a strict code of conduct, ensuring exact and trustworthy Help-to-Buy estimations in Cardiff.
  • Local Proficiency: An experienced surveyor with local knowledge of the Cardiff property market will grasp the particularities and trends specific to the area. This know-how can provide an precise valuation, ensuring you pay back a fair amount on your equity loan.
  • Compliance Requirements: There are specific requirements for Help-to-Buy assessments, such as the need for the appraisal to be provided in a RICS Red Book format. A qualified Cardiff Help-to-Buy appraiser will be familiar with these standards and ensure that the assessment complies with them, avoiding any potential setbacks or troubles.
  • Timeliness: Help-to-Buy estimations have a limited effectiveness period of three months from the date of the report. An experienced surveyor will effectively conduct the assessment and provide the report within this timeframe, ensuring a seamless transaction process for your Cardiff Help-to-Buy survey.

Different Circumstances That Require a Help-to-Buy Assessment in Cardiff

Several situations necessitate a Help-to-Buy valuation in Cardiff, including:

  • Selling Your Property: When putting up for sale a property purchased through the Help-to-Buy scheme in Cardiff, a valuation is required to determine the amount to be repaid on the equity loan. This figure is calculated as a percentage of the current market value.
  • Remortgaging: If you're considering refinancing your property in Cardiff to repay the equity loan or reduce your monthly payments, a Help-to-Buy assessment is necessary to establish the property's value and calculate the amount to be repaid.
  • Staircasing: Residents in Cardiff may decide to augment their equity share in the property through a process known as gradual ownership increase. A Help-to-Buy appraisal will establish the current market value, helping you figure out the cost of acquiring additional stake.
  • End of the Loan Term: At the end of the ownership loan term (typically 25 years), property owners in Cardiff must reimburse the unpaid balance. A Help-to-Buy estimation will establish the property's value and the amount to be reimbursed at that time.

In summary, booking a Help-to-Buy estimation with an skilled surveyor in Cardiff is a vital step in the process of selling, refinancing, or repaying your equity loan. By ensuring that your Cardiff Help-to-Buy evaluation is carried out by a RICS registered professional with local expertise, you can be confident in the reliability of your property appraisal and compliance with requirements. With the right surveyor by your side, you can manage the complications of the Help-to-Buy scheme in Cardiff with efficiency, obtaining a fair assessment and a trouble-free transaction process.

Use our Cardiff Help-To-Buy Valuation calculator

Homemove - Survey Star Icon
Help-To-Buy Calculator