Help to Buy Valuation in Exmoor

A Help to Buy valuation is specifically required when you need to repay all or part of your equity loan, whether through selling your property, remortgaging to a standard mortgage product, or making a partial repayment. The valuation must be carried out by a RICS registered valuer who will inspect your property and produce a formal report compliant with the Red Book (RICS Valuation - Global Standards). This is the only type of valuation accepted by Help to Buy equity loan administrators, and using a non-compliant valuation can delay your transaction significantly.

The valuation process involves a physical inspection of your property, where the valuer will assess the condition, size, and features of your home. They will then compare it against recent sales of similar properties in the Exmoor area to determine the current market value. For properties in Exmoor National Park, the valuer will also consider any restrictions or consents related to the park's conservation status, which can impact both value and marketability.

Our valuers are familiar with the types of properties found throughout the Exmoor National Park area, from traditional stone cottages to converted barns and period farmhouses. They understand how the National Park planning constraints affect property values and can account for these factors in their assessment. The resulting valuation report will be accepted by all major Help to Buy equity loan providers and mortgage lenders.

When we value your Exmoor property, we take into account the unique characteristics that make homes in this area distinctive. This includes the quality of views, proximity to footpaths and open moorland, the presence of traditional features like exposed stone walls or thatched roofs, and any historical building elements that add character. These factors can significantly influence value in the Exmoor market and are carefully considered in every valuation we produce.

• RICS Red Book compliant valuation
• Accepted by all Help to Buy providers
• Includes detailed property inspection
• Available for all property types in Exmoor

The Exmoor property market operates differently from typical urban or suburban housing markets. As a National Park, the area attracts buyers seeking rural lifestyles, character properties, and access to outstanding natural beauty. However, the National Park designation also brings planning restrictions that can limit modifications and affect property values. Our valuers understand these dynamics and how they impact Help to Buy valuations.

The current market data shows Exmoor property prices have experienced a 12% reduction over the past year, with the 2023 peak averaging around £364,852. This means properties that were valued higher during the peak may now have different equity loan to value ratios. If you are considering remortgaging or making a partial equity loan repayment, obtaining an up-to-date valuation is essential to understand your current position.

Detached properties in Exmoor command the highest average prices at around £436,069, reflecting the desirability of rural homes with land and privacy. Semi-detached properties average £302,920, while terraced properties - often found in the villages like Lynton and Lynmouth - average £238,265. These different price points mean your Help to Buy valuation will depend heavily on your specific property type and location within the National Park.

One factor that makes Exmoor unique is the limited supply of properties available at any given time. The National Park boundaries restrict new development, meaning buyer demand consistently outstrips supply in popular villages. This scarcity element can support property values even during broader market downturns. Our valuers monitor these local market dynamics closely to ensure our valuations reflect both current conditions and the underlying strengths of the Exmoor market.

• National Park planning considerations
• Recent market price adjustments
• Property type variations
• Village versus rural locations