Help to Buy Valuation in L18 2 Liverpool

The Help to Buy equity loan scheme helped thousands of first-time buyers get onto the property ladder, though it closed to new applications on 31 October 2022 with final completions by 31 May 2023. If you currently have a Help to Buy equity loan, you will need to arrange a RICS valuation when you want to repay your loan, remortgage, or sell your property. The valuation determines your repayment amount, which is calculated based on the higher of the current market value or your original purchase price. Our team handles all the paperwork and ensures your report is addressed directly to Homes England as required.

Properties in the L18 2 area include a diverse mix of housing types, from substantial mid-terraced houses to luxurious apartments within stucco-rendered villas. This variety means your valuation must consider comparable properties of similar type, size, and age. Our valuers will inspect your property inside and out, examining the construction materials, any alterations or extensions, and the overall condition to arrive at an accurate market valuation. We often see properties along streets like Queen's Drive and Smithdown Road that have undergone significant extensions and renovations, which we factor into our assessments.

Nationally, between April 2013 and May 2023, 387,195 properties were purchased with an equity loan, with a total value of equity loans reaching £24.7 billion. The mean purchase price under the Help to Buy scheme in England between April 2013 and June 2020 was £269,385, with buyers using a mean equity loan of £59,089. These statistics demonstrate just how important it is to get an accurate valuation, as even small percentage differences can significantly impact your repayment amount. Our valuers use at least three comparable properties within a 2-mile radius, analysed in line with RICS Red Book standards.

The L18 2 area features properties built in various periods, from period detached residences through to more modern semi-detached family homes. Properties in this area may feature traditional brick construction with rendered finishes, and our valuers understand how these materials affect both value and mortgageability. We have inspected properties with original features like cornicing, sash windows, and period fireplaces that can add character value, as well as modernised homes with updated kitchens and bathrooms that reflect contemporary buyer preferences.

• Accurate RICS Red Book valuation
• Internal and external property inspection
• Minimum three comparable properties within 2 miles
• Valid for three months from date of issue
• Addressed to Homes England
• Digital report format

When you repay your Help to Buy equity loan, the amount you pay is based on the current market value of your property at the time of repayment, not what you originally paid for it. This means if your property has increased in value, your repayment will be higher, but if property values have decreased, you may repay less than your original loan amount. However, you will always repay either the current market value OR the original purchase price, whichever is higher. This is a crucial point that many borrowers overlook, and our valuers ensure you understand exactly how your repayment is calculated.

The L18 2 area has seen various property types performing differently in recent years. While national figures show semi-detached houses increased by 3.3% annually, flats and maisonettes decreased by 1.8%. This underlines the importance of using a qualified RICS valuer who understands the local market nuances and can provide an accurate valuation based on comparable evidence specific to your property type and location. In the L18 2 area, we have seen particular demand for family homes with good school catchment areas, which affects valuations for semi-detached properties.

Your valuation report must be supplied as a non-editable digital document, on company headed paper, signed and dated by the RICS surveyor, and addressed to Homes England. It must be sent to Homes England within five working days of its issue. Our team handles all these requirements automatically, ensuring your report is fully compliant and ready for submission. We have extensive experience preparing reports that meet Homes England's specific formatting and content requirements.