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The best place to instantly book RICS Help-to-Buy Valuations in Wigan

With thousands of successful bookings, Homemove is the UK's leading provider of RICS Help-to-Buy Valuations in Wigan. Trusted by homeowners nationwide, we guide you from preparing your property for sale to arranging comprehensive Help-to-Buy valuation, ensuring every step of your home-moving journey is smooth and on track.

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Hero Left House For Wigan RICS qualified Surveys

The surveyors in Wigan 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 Homes England Help To Buy Surveyors

Full redemption

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

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Homemove Homes England Help To Buy Surveyors in Wigan

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 Wigan 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?

Equity loans are calculated based on the market value of your property and the equity loan percentage amount when you sell your home. RICS valuations or sales prices are used to determine the market value of your property (whichever one is higher). Interest, fees, and any other payments you still owe are included in the total amount you repay. Before completion, you must pay them back in full. To determine the value of your property a RICS surveyor will give you an accurate estimation.

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

You can expect to pay between £195 - £850 for a help-to-buy valuation from a RICS surveyor in Wigan depending on the property price and the number of bedrooms the property has. The bigger the property the more time it takes to complete the valuation and find comparable property sales.

Article Highlight

The Significance of Arranging a Help-to-Buy Valuation with Experienced Qualified Surveyors in Wigan

The Help-to-Buy initiative in England has been a boon for aspiring homeowners, enabling them to obtain a mortgage and step onto the housing ladder with ease. However, as you work through the process, it's crucial to comprehend the importance of reserving a Help-to-Buy appraisal and selecting an skilled and competent appraiser in Wigan, Greater Manchester. In this article, we will explore the distinctions of the Help-to-Buy valuation process, the criteria, and the different circumstances in which a Wigan Help-to-Buy survey is essential.

The Help-to-Buy Valuation: A Crucial Part

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

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

The Help-to-Buy estimation is an important process for those looking to dispose of, refinance, or repay their equity loan. Therefore, it's crucial to enlist the help of an skilled and qualified Wigan Help-to-Buy surveyor for the assessment. Here are a few reasons why:

RICS Certification: Help-to-Buy assessments must be carried out by a Royal Institution of Chartered Surveyors (RICS) registered assessor. These professionals have comprehensive knowledge and experience in the property market and adhere to a strict code of conduct, ensuring accurate and reliable Help-to-Buy estimations in Wigan.
Local Expertise: An knowledgeable surveyor with local knowledge of the Wigan property market will understand the particularities and trends specific to the area. This expertise can provide an accurate valuation, ensuring you pay back a fair amount on your equity loan.
Compliance Guidelines: 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 Wigan Help-to-Buy evaluator will be familiar with these guidelines and ensure that the appraisal complies with them, avoiding any potential delays or complications.
Timeliness: Help-to-Buy valuations have a limited effectiveness period of three months from the date of the analysis. An skilled surveyor will effectively conduct the estimation and provide the document within this timeframe, ensuring a smooth transaction process for your Wigan Help-to-Buy survey.

Different Instances That Require a Help-to-Buy Valuation in Wigan

Several circumstances necessitate a Help-to-Buy valuation in Wigan, including:

Selling Your Property: When putting up for sale a property purchased through the Help-to-Buy scheme in Wigan, 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 Wigan to repay the equity loan or reduce your monthly payments, a Help-to-Buy valuation is necessary to establish the property's value and work out the amount to be repaid.
Staircasing: Property owners in Wigan may opt to augment their equity share in the property through a process known as staircasing. A Help-to-Buy valuation will establish the current market value, helping you determine the cost of acquiring additional equity.
End of the Loan Term: At the end of the equity loan term (typically 25 years), residents in Wigan must settle the unpaid balance. A Help-to-Buy appraisal will ascertain the property's value and the amount to be repaid at that time.

In summary, booking a Help-to-Buy valuation with an experienced surveyor in Wigan is a vital step in the process of selling, remortgaging, or repaying your equity loan. By ensuring that your Wigan Help-to-Buy assessment is carried out by a RICS registered professional with local proficiency, you can be assured in the precision of your property appraisal and compliance with requirements. With the right surveyor by your side, you can navigate the complexities of the Help-to-Buy scheme in Wigan with ease, securing a fair estimation and a seamless transaction process.