Introduction
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.
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.
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.
When your report is complete you must email it to Target HCA along with a filled in form called the Target Customer Information Pack.
You can download the form here.
There is also an application fee
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.
You will need a help to buy valuation if you are looking to sell your property, redeem the loan (with or without finance), or if you wish to back the loan either in cash or incorporate it into a new mortgage.
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.
Our operating hours are 9 am -5.30 pm, 5 days a week. We will always try to find a slot for you that works.
Depending on how big your property is, our inspection, on average, takes 30 minutes. This doesn’t include a tea break.
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.
All of our desktop top-up valuations are £75.00 plus VAT. If we did not carry out the initial inspection, we would have to charge you the total price to carry out a new report.
All our valuations are carried out by RICS Registered Valuers who are qualified up to the latest standards. We have a 100% success rate of submissions to Target HCA.
Our Help to Buy Valuation Reports are based on our professional intelligence and market experience. Our valuations are always a fair reflection of the current market value. That said, we are always open to hearing your views on the value of your property and if you feel there has been a mistake or something we need to look into. Just get in contact we are a friendly family-run business, and customer satisfaction is always a priority.
Process
You will need a Help to Buy Valuation Report.
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.
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