Book in your RICS Qualified Help-to-Buy Valuation in Leicester

Fully compliant help-to-buy report, Valuation is as quick as 24 hours, Free quote in seconds

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The easiest way to book in trusted local surveyors in your area!

Homemove helps 1000s of people move home each year and assists them with advice from getting set up to sell their property through to booking in their Help-to-Buy valuations online so they can take the next step in their homemoving journey. We remove the friction and make the process rewarding.

The surveyors 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 Help-to-Buy House Survey In Leicester

Homemove Leicester Help-to-Buy House Valuation

Full redemption

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

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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 Leicester 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?

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

Article Highlight

The Relevance of Scheduling a Help-to-Buy Valuation with Skilled Certified Surveyors in Leicester

The Help-to-Buy initiative in England has been a blessing for aspiring 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 essential to understand the meaning of arranging a Help-to-Buy estimation and selecting an knowledgeable and qualified appraiser in Leicester, Leicestershire. In this article, we will explore the nuances of the Help-to-Buy estimation process, the conditions, and the different situations in which a Leicester Help-to-Buy survey is essential.

The Help-to-Buy Valuation: A Crucial Step

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

The Value of Experienced and Proficient Leicester Help-to-Buy Surveyors.

The Help-to-Buy estimation is an essential process for those looking to dispose of, refinance, or repay their equity loan. Therefore, it's crucial to enlist the help of an knowledgeable and competent Leicester Help-to-Buy surveyor for the appraisal. Here are a few reasons why:

RICS Accreditation: Help-to-Buy estimations must be carried out by a Royal Institution of Chartered Surveyors (RICS) registered assessor. These professionals have extensive knowledge and experience in the property market and adhere to a strict code of conduct, ensuring exact and dependable Help-to-Buy estimations in Leicester.
Local Expertise: An skilled surveyor with local knowledge of the Leicester property market will grasp the intricacies and trends specific to the area. This know-how can provide an correct valuation, ensuring you return a fair amount on your equity loan.
Compliance Standards: There are specific criteria for Help-to-Buy estimations, such as the need for the valuation to be provided in a RICS Red Book format. A qualified Leicester Help-to-Buy surveyor will be familiar with these standards and ensure that the appraisal complies with them, avoiding any potential delays or problems.
Timeliness: Help-to-Buy assessments have a limited validity period of three months from the date of the analysis. An knowledgeable surveyor will efficiently conduct the appraisal and provide the document within this timeframe, ensuring a uncomplicated transaction process for your Leicester Help-to-Buy assessment.

Different Circumstances That Require a Help-to-Buy Appraisal in Leicester

Several situations necessitate a Help-to-Buy estimation in Leicester, including:

Selling Your Property: When selling a property purchased through the Help-to-Buy scheme in Leicester, a assessment 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 Leicester to repay the equity loan or reduce your monthly payments, a Help-to-Buy valuation is necessary to establish the property's value and calculate the amount to be repaid.
Staircasing: Residents in Leicester may choose to boost their equity share in the property through a process known as staircasing. A Help-to-Buy estimation will ascertain the current market value, helping you determine the cost of purchasing additional stake.
End of the Credit Term: At the end of the equity loan term (typically 25 years), homeowners in Leicester must reimburse the outstanding balance. A Help-to-Buy appraisal will determine the property's value and the amount to be settled at that time.

In essence, booking a Help-to-Buy estimation with an experienced surveyor in Leicester is a essential step in the process of selling, refinancing, or repaying your equity loan. By ensuring that your Leicester Help-to-Buy survey is carried out by a RICS registered professional with local expertise, you can be assured in the reliability of your property estimation and compliance with requirements. With the right surveyor by your side, you can tackle the complications of the Help-to-Buy scheme in Leicester with efficiency, obtaining a fair assessment and a trouble-free transaction process.