Help to Buy Valuation in PH13 9

You need a Help to Buy valuation when you want to repay your equity loan in full, make a partial repayment of at least 10%, or sell your Help to Buy property. The valuation must be carried out by a RICS-qualified surveyor and the report must be addressed to Homes England. Without this valuation, you cannot proceed with any of these transactions. The Help to Buy Scotland scheme closed to new applications on 31 October 2022, so if you purchased under this scheme and are now looking to redeem your equity loan, you will need an up-to-date valuation from an independent RICS surveyor familiar with the PH13 9 area.

Help to Buy valuations typically cost between £300 and £600, depending on the size and complexity of your property. For properties in the PH13 9 area, where average values are around £395,000, you can expect to pay from around £300-£400 for a standard valuation. Larger or more complex properties such as detached houses with land, rural farmhouses, or period properties may cost more due to the additional time required for inspection and analysis. We provide fixed fees with no hidden charges, and the cost is generally lower than the potential impact of an inaccurate valuation on your equity loan repayment.

The RICS Help to Buy valuation report is valid for three months from the date of the property inspection. If your transaction extends beyond this period, your surveyor can complete a desktop valuation to extend validity by a further three months, provided this is done within two weeks of the original expiry date. If this window is missed, a new full inspection is required. This three-month validity period is consistent across all RICS Red Book valuations and applies to all properties in the PH13 9 area regardless of property type or value.

No. A Help to Buy valuation is different from a standard mortgage valuation. It must be conducted by a RICS-registered valuer who is independent of any estate agent or mortgage broker, and the report must specifically address Homes England and include at least three comparable properties. A mortgage valuation alone will not satisfy the Help to Buy requirements. The two valuations serve different purposes - a mortgage valuation assesses the property as security for a loan, while a Help to Buy valuation determines the current market value for equity loan redemption calculations.

If your property is worth less than when you purchased it, your equity loan repayment may be lower than the original amount you borrowed. The repayment is calculated based on the current market value or the agreed sale price, whichever is higher. This means you could benefit from a lower repayment if property values in PH13 9 have fallen, though this has not been the trend in recent years with prices up 28% year-on-year. Our valuers will provide an accurate current market valuation based on recent comparable sales in your area, ensuring the repayment figure reflects true market conditions.

The surveyor must use at least three comparable properties that are like-for-like in terms of property type, size, and age, preferably within a 2-mile radius of your property. In the PH13 9 area, recent sales such as Langlands House at Station Road, Woodside (£280,000), Ellerslie on Blairgowrie Road (£423,400), and Inverbashie Farmhouse in Kettins (£638,000) provide a range of comparables depending on your property type. For larger rural properties, Easter Bendochy House sold for £755,000 in October 2025, while Bennathie House in Coupar Angus reached £580,000 in July 2025. The valuer will explain any adjustments made to the comparables in their report.

The equity loan repayment amount is calculated as a percentage of the current market value of your property (or the agreed sale price if you are selling, whichever is higher). For example, if you received a 15% equity loan on a property purchased for £180,000, your loan was £27,000. If the property is now valued at £395,000, the 15% repayment would be £59,250. The percentage remains fixed based on your original loan, but the pound amount fluctuates with property values. Our valuation report provides the market value figure that Homes England uses to calculate your repayment amount.

If you disagree with the valuation figure provided in your Help to Buy report, you can request a review from the surveying firm. Our valuers will reconsider the evidence and methodology used, and if appropriate, amend the valuation. If you still disagree after this review, you can instruct a second RICS surveyor for a fresh valuation, though this would incur an additional cost. It is worth noting that our valuers have extensive local knowledge of the PH13 9 area and use robust comparable evidence, so significant revisions are uncommon.