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

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 London

Homemove London Help-to-Buy House Valuation

Full redemption

Your Help to Buy loan must be repaid if you sell your property in London. 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 London 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 London?

Article Highlight

The Value of Scheduling a Help-to-Buy Valuation with Experienced Qualified Surveyors in London

The Help-to-Buy scheme in the UK has been a blessing for prospective homeowners, enabling them to procure a housing loan and step onto the property ladder with ease. However, as you navigate the process, it's vital to grasp the significance of booking a Help-to-Buy appraisal and selecting an experienced and capable assessor in London, Greater London. In this article, we will explore the intricacies of the Help-to-Buy valuation process, the criteria, and the different contexts in which a London Help-to-Buy survey is essential.

The Help-to-Buy Valuation: A Required Step

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

The Value of Seasoned and Competent London Help-to-Buy Surveyors.

The Help-to-Buy estimation is an important process for those looking to sell, refinance, or repay their equity loan. Therefore, it's imperative to enlist the help of an skilled and proficient London Help-to-Buy evaluator for the valuation. Here are a few reasons why:

RICS Registration: Help-to-Buy appraisals must be carried out by a Royal Institution of Chartered Surveyors (RICS) registered evaluator. These professionals have considerable knowledge and experience in the property market and adhere to a strict code of conduct, ensuring correct and consistent Help-to-Buy assessments in London.
Local Proficiency: An knowledgeable surveyor with local knowledge of the London property market will understand the subtleties and trends specific to the area. This expertise can provide an exact valuation, ensuring you return a fair amount on your equity loan.
Compliance Specifications: There are specific criteria for Help-to-Buy estimations, such as the need for the estimation to be provided in a RICS Red Book format. A competent London Help-to-Buy surveyor will be familiar with these guidelines and ensure that the appraisal complies with them, avoiding any potential hindrances or complications.
Timeliness: Help-to-Buy assessments have a limited applicability period of three months from the date of the report. An experienced surveyor will efficiently conduct the estimation and provide the document within this timeframe, ensuring a smooth transaction process for your London Help-to-Buy assessment.

Different Circumstances That Require a Help-to-Buy Valuation in London

Several scenarios necessitate a Help-to-Buy estimation in London, including:

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

In conclusion, booking a Help-to-Buy estimation with an qualified surveyor in London is a vital step in the process of selling, remortgaging, or settling your equity loan. By ensuring that your London Help-to-Buy evaluation is carried out by a RICS registered professional with local expertise, you can be certain in the reliability of your property appraisal and compliance with requirements. With the right surveyor by your side, you can tackle the intricacies of the Help-to-Buy scheme in London with efficiency, securing a fair estimation and a trouble-free transaction process.