Help To Buy Valuation in TR6 (Perranporth)

You will need to provide proof of identity and ownership, such as your title deeds or mortgage statements. Your valuer will request any additional documentation needed during the appointment booking process. It is helpful to have details of any improvements or renovations you have made to the property since purchase. We recommend gathering any planning permissions, building regulation completion certificates, or receipts for significant improvements, as these can all impact the valuation figure. For properties in TR6, particularly those that may be used as holiday lets, any evidence of rental income or licensing arrangements can also be valuable.

The physical inspection typically takes between 30-60 minutes depending on the size and complexity of your property. After the inspection, the formal valuation report is usually prepared and delivered within 5-7 working days. Expedited turnaround can be arranged for an additional fee if you have a tighter deadline. For larger properties or those with complex boundaries, the inspection may take longer, but we will always advise you of this when booking your appointment.

No. A Help to Buy valuation must be a specific RICS Red Book valuation carried out by a RICS registered valuer. A standard mortgage valuation or survey is not acceptable for equity loan redemption purposes. The report must also be specifically addressed to the Help to Buy administrator. This requirement exists because the Help to Buy scheme has specific regulatory requirements that differ from standard mortgage lending, and the valuation methodology must reflect these unique requirements.

If your property is worth less than when you purchased it through Help to Buy, you will need to repay the equity loan based on the current market value. This may mean repaying less than you originally borrowed, but you should be aware that the Help to Buy administrator will use the valuation to determine the exact repayment amount. Our valuers will provide an accurate, unbiased assessment of your property's current worth. In the TR6 area, where property values have increased by approximately 3% over the last year, significant decreases are less common, but we still provide objective valuations based on current market evidence.

Your valuer will look for comparable properties that have sold in the TR6 area within the last 6 months, ideally within a 2-mile radius of your property. The comparables should be similar in type, size, and condition to your property. In TR6, with its mix of property types from flats to detached homes, finding suitable comparables is usually straightforward, though your valuer may need to expand the radius for more unusual properties. We use data from the Land Registry, Zoopla, and Rightmove to ensure our comparables are current and relevant.

If you believe there is an error in your valuation, you can request a review from your valuation provider. However, it is important to remember that the valuation is based on objective market evidence and professional judgment. If you are still dissatisfied, you may be able to commission an independent review, though this will incur additional costs. We always welcome the opportunity to discuss our methodology with clients and explain how we arrived at the valuation figure. Our aim is to provide transparency and clarity throughout the process.

Yes. If you are remortaging your Help to Buy property to a standard mortgage, you will still need a RICS Red Book valuation for the remortgage application. This is because your lender needs to know the current market value of the property to determine their lending criteria. The Help to Buy equity loan will need to be accounted for in this process, and your new lender will require a formal valuation to proceed.

Coastal properties in TR6 can command premium values due to their proximity to the beach and sea views, but they also face specific considerations such as flood risk, coastal erosion, and the need for maintenance due to salt air exposure. These factors are taken into account when determining the market value. Our valuers are experienced in assessing coastal properties and understand how these local factors impact value in the Perranporth area.