Help To Buy Valuations

Mr Thomas Winfield
Your Local Help to Buy Valuation Specialist

What is a Help to Buy Valuation?

Help to Buy is a government scheme that allows you to share ownership of your new home with the government; the purchaser must meet the government’s required criteria. The Help to Buy scheme loans you a proportion of the property’s value instead of a set amount of money. Once you decide to sell the house or repay the government loan, you will need to get an independent valuation for the property on the scheme. The amount to repay or sell the home will vary depending on the property’s value at the current moment in time.

Your Target HCA Compliance Report

You must have a RICS registered valuation surveyor carry out the Target HCA part of the redemption process on the Help to Buy scheme. Whether you have sold or are redeeming your loan, Target requires the Help to Buy Valuation to establish the property’s market value.

Your Valuation Report

Help to Buy loans are managed on behalf of the government by a company called Target. Winfields Surveyors meet all of the Target Help to Buy valuation criteria:

Help to Buy surveyor valuations carried out by Winfields Surveyors also comply with the RICS ‘Red Book’ – a guidance document that sets out high professional and ethical standards for property valuations.

The criteria for the valuation is quite strict and Target will reject incorrect / incomplete valuation reports.
We have carried out hundreds of RICS Help To Buy Valuations with no rejections.

We have a 100% acceptance rate

We have a 100% acceptance rate because we were initially appointed as a preferred RICS Surveyor for the repayment scheme. Our valuation report is specifically designed for this redemption process.

Our RICS Help to Buy Valuation covers the required criteria for redemption from Target. What sets us apart is the advice we give our clients. As part of the Valuation service, we will advise how to repay the Help to Buy loan. We know inside and out how the Help to Buy loan works, which has resulted in some of our quickest redemptions being completed in a few minutes.

The RICS Valuation is a crucial part, but knowing what to submit and understanding what is required by Target is too. The advice we give clients on the telephone and the submissions have led us to have hundreds of successful redemptions.

We most commonly get asked, ‘How do I pay back my Loan?’ We can quickly help answer this. We can provide a comprehensive and unmatched service using a mix of experience, expert understanding, and our tailored Help to Buy Valuations.

RICS Chartered Surveyor

Frequently Asked Questions

We love helping people and that’s why there is no question too big or too small. Of course, your mortgage provider or financial adviser will be helping you with the details surrounding remortgaging. Alternatively, you may have only spoken to Help to Buy or Target.

Whilst our job is to provide you with an accurate valuation, we can also help you with any questions relating to redeeming or staircasing your Help to Buy Mortgage.

If you have any questions, please email: hello@winfieldsgroup.co.uk

Questions our RICS Help to Buy valuation specialists frequently get asked are:
It’s very similar to a mortgage valuation where come and visit your home before using our local market knowledge to put a value on your property. We will research the values of similar property and take into account market conditions.
We like to visit Help to Buy valuations within 2 working days and sometimes sooner dependent on location and availability. The report itself will take no more than 30 minutes and we send you a copy within 48 hours.
Remember it is only valid for 3 months. After that, we will need to reconfirm the valuation and if after 6 months we may need to perform a new report. Also, the longer you leave it, your property may go up in value which will mean that your Help to Buy valuation will be higher.
Once you have successfully submitted a valid Help to Buy valuation report you will receive an estimated repayment quote. This will include details of any arrears and your daily interest payment rate to allow your solicitor to calculate an accurate final repayment sum.

A Help to Buy Valuation Report is a complicated document that we prepare on your behalf

Why You May Need A Help to Buy Valuation Report

When it comes to paying back your equity loan you have two options;

Full Redemption

This is paying your equity loan back in full with or without selling your property.

Partial Redemption

Also known as 'Staircasing', where you pay back part of your equity loan without selling your property.

For details on the full process and documentation needed for both options please read the Target HCA Customer Information Pack.

How it Works:

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Help To Buy Valuation Specialists

To get a quick Help To Buy Valuation, please fill out the form below and someone will be in touch to arrange a suitable date to attend your property.

Still need more information?

Click here to read a handy guide from Target which explains everything.

Bristol

Henleaze Business Centre,
13 Harbury Road, Henleaze,
Bristol BS9 4PN
Tel: 01172 872199

London

56 Gloucester Road,
South Kensington,
London SW7 4UB
Tel: 020 3633 2515

Exeter

Unit 3-4 Cranmere Court,
Lustleigh Close, Marsh Barton
Exeter EX2 8PW
Tel: 01392 984364

Taunton

Bridge House,
7 Bridge Street
Taunton TA1 1TG
Tel: 01823 765057

Plymouth

24-26 George Place
Plymouth
PL1 3NY
Tel: 01752 936567