Help to Buy Valuation in Over Kellet

A Help to Buy valuation is an independent assessment of a property's market value carried out by a RICS registered valuer. This valuation is required by the Help to Buy scheme to determine how much equity loan you can receive. The valuer inspects the property, compares it with similar properties in the area, and provides an official report that Help to Buy uses to calculate your loan amount. In Over Kellet, we compare your property against recent sales data including detached homes averaging £447,917 and semi-detached properties at £377,500 to determine an accurate market value.

Our Help to Buy valuations in Over Kellet start from £150 for a standard valuation. We also offer a priority service with a 24-hour turnaround from £250 for those who need their valuation urgently. The cost depends on the type of property and the level of service you require, with additional property valuations available from £120 for clients needing multiple assessments. All prices are fixed with no hidden fees, and we will confirm the total cost before you book your appointment.

The property inspection typically takes 30-60 minutes depending on the size and complexity of the property. For most properties in Over Kellet, including new-build homes at developments like Old Hall Farm, the inspection can be completed within this timeframe. We aim to deliver your written report within 24-48 hours of the inspection, and for urgent applications, our priority service ensures you receive your report within 24 hours. We understand that timing is important for your Help to Buy application, so we work quickly to deliver your report.

Several new developments in Over Kellet are registered with Help to Buy, including the Old Hall Farm development by Oakmere Homes and Marshaw Developments. Properties at Craggs View by Fellside Homes were also eligible, though this development is now fully sold as of March 2025. The Oakmere Homes development on Capernwray Road with 55 dwellings is currently active and accepting Help to Buy applications. Your solicitor or the developer can confirm whether a specific property qualifies for the scheme, and we can also advise on eligibility during your initial enquiry.

No, the Help to Buy equity loan scheme is only available for new-build properties purchased from registered Help to Buy developers. If you are looking to purchase a second-hand property in Over Kellet, you would need a standard RICS valuation rather than a Help to Buy specific valuation. This applies to all resale properties in the village, regardless of age or condition. We offer standard RICS valuations for resale properties if you are not using the Help to Buy scheme.

If the valuation comes in below the agreed purchase price, it may affect how much Help to Buy you can receive. The equity loan is calculated as a percentage of the valuation, not the purchase price, so a lower valuation means a smaller equity loan. You may need to negotiate with the seller, contribute a larger deposit, or in some cases re-negotiate the purchase price to match the valuation. Our valuers provide detailed reports that you can use in any negotiations, and we are happy to discuss the valuation results with you to explain how the figure was determined.

You will need to provide details of the property you are purchasing, including the address and any information from the developer about the plot number and house type. If you have a copy of the reservation agreement or the draft contract, this can be helpful for our valuer. You should also confirm the agreed purchase price or asking price, as this helps us understand the context of the valuation. On the day of the inspection, please ensure our valuer has access to all areas of the property.

New-build properties in Over Kellet, such as those at Old Hall Farm or the Oakmere Homes development, are valued based on the purchase price agreed with the developer, which is set before the valuation takes place. Our valuer will still inspect the property to confirm it matches the specification and to assess any additional features or upgrades. Unlike resale properties where we rely heavily on comparable sales, new-build valuations consider the developer pricing, the premium for modern construction methods, and the energy efficiency of the property.