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

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

With thousands of successful bookings, Homemove is the UK's leading provider of RICS Help-to-Buy Valuations in Exeter. 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.

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Hero Left House For Exeter RICS qualified Surveys

The surveyors in Exeter 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

Compliant Help-To-Buy Valuations

Signed and dated by the surveyor

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

Headed paper

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

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 Exeter. RICS Help to Buy valuation determines how much must be repaid depending on the property's value at the time.

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Homemove Homes England Help To Buy Surveyors in Exeter

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 Exeter 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 Exeter?

You can expect to pay between £195 - £850 for a help-to-buy valuation from a RICS surveyor in Exeter 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 Relevance of Scheduling a Help-to-Buy Valuation with Proficient Certified Surveyors in Exeter

The Help-to-Buy scheme in England has been a advantage for prospective homeowners, enabling them to acquire a home loan and step onto the housing ladder with ease. However, as you navigate the process, it's essential to understand the relevance of scheduling a Help-to-Buy appraisal and selecting an knowledgeable and capable evaluator in Exeter, Devon. In this article, we will examine the nuances of the Help-to-Buy assessment process, the conditions, and the different cases in which a Exeter Help-to-Buy survey is essential.

The Help-to-Buy Valuation: A Required Process

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

The Importance of Knowledgeable and Competent Exeter Help-to-Buy Surveyors.

The Help-to-Buy assessment is an crucial process for those looking to offload, refinance, or repay their equity loan. Therefore, it's essential to enlist the help of an skilled and proficient Exeter Help-to-Buy surveyor for the assessment. Here are a few reasons why:

RICS Registration: Help-to-Buy estimations must be carried out by a Royal Institution of Chartered Surveyors (RICS) registered surveyor. These professionals have in-depth knowledge and experience in the property market and adhere to a strict code of conduct, ensuring precise and consistent Help-to-Buy appraisals in Exeter.
Local Expertise: An experienced surveyor with local knowledge of the Exeter property market will grasp the nuances and trends specific to the area. This skill can provide an accurate valuation, ensuring you reimburse a fair amount on your equity loan.
Compliance Guidelines: There are specific requirements for Help-to-Buy estimations, such as the need for the estimation to be provided in a RICS Red Book format. A capable Exeter Help-to-Buy appraiser will be familiar with these standards and ensure that the estimation complies with them, avoiding any potential holdups or troubles.
Timeliness: Help-to-Buy assessments have a limited applicability period of three months from the date of the evaluation. An skilled surveyor will promptly conduct the appraisal and provide the document within this timeframe, ensuring a trouble-free transaction process for your Exeter Help-to-Buy survey.

Different Scenarios That Require a Help-to-Buy Estimation in Exeter

Several instances necessitate a Help-to-Buy valuation in Exeter, including:

Selling Your Property: When offering for sale a property purchased through the Help-to-Buy scheme in Exeter, a appraisal is required to determine the amount to be repaid on the equity loan. This figure is calculated as a percentage of the existing market price.
Remortgaging: If you're considering refinancing your property in Exeter to repay the equity loan or reduce your monthly payments, a Help-to-Buy estimation is necessary to establish the property's value and work out the amount to be repaid.
Staircasing: Homeowners in Exeter may opt to increase their ownership share in the property through a process known as staircasing. A Help-to-Buy estimation will establish the current market value, helping you determine the cost of acquiring additional stake.
End of the Loan Term: At the end of the ownership loan term (typically 25 years), homeowners in Exeter must settle the outstanding balance. A Help-to-Buy estimation will establish the property's value and the amount to be reimbursed at that time.

In conclusion, booking a Help-to-Buy appraisal with an qualified surveyor in Exeter is a essential step in the process of selling, remortgaging, or reimbursing your equity loan. By ensuring that your Exeter Help-to-Buy appraisal is carried out by a RICS registered professional with local knowledge, you can be assured in the reliability of your property valuation and compliance with requirements. With the right surveyor by your side, you can tackle the intricacies of the Help-to-Buy scheme in Exeter with simplicity, securing a fair valuation and a uncomplicated transaction process.