Help To Buy Valuations
If you're planning to sell your property, repay your Help To Buy equity loan, or remortgage, a RICS Help To Buy Valuation is an essential step in the process. At DAW Surveyors, we specialise in providing accurate, RICS-compliant valuations to ensure you meet the requirements set out by Target HCA, the governing body for the Help to Buy scheme.
What is a Help To Buy Valuation?
A Help To Buy Valuation is a professional property valuation carried out by a RICS-registered surveyor. This valuation determines the current market value of your property, which is used to calculate the repayment amount for your Help to Buy equity loan. Whether you're repaying the loan in full, remortgaging, or selling the property, an independent valuation is required to ensure fairness and transparency.
When Do You Need a Help To Buy Valuation?
You’ll need a Help to Buy valuation in the following situations:
Repaying the Equity Loan: If you're ready to repay your loan, either in full or partially (known as staircasing), the repayment amount will be based on the property's current market value.
Selling Your Property: Before selling, you must provide an accurate valuation to determine how much of the sale proceeds will go toward repaying the equity loan.
Remortgaging: If you're remortgaging your property to release equity or secure better terms, a valuation ensures compliance with Help to Buy requirements.
Why Choose DAW Surveyors for Your Help To Buy Valuation?
At DAW Surveyors, we understand the importance of accuracy and compliance in Help to Buy valuations. With extensive experience and RICS accreditation, we provide valuations that are accepted by Target HCA, ensuring a smooth process for our clients.
RICS-Certified Expertise: Our valuations meet the strict standards set by the Royal Institution of Chartered Surveyors (RICS).
Local Market Knowledge: We have an in-depth understanding of property values in Surrey and surrounding areas, ensuring a fair and accurate assessment.
Fast Turnaround: We aim to deliver your valuation report quickly, minimising delays in your transaction.
Unbiased Reports: As independent surveyors, we provide impartial, professional valuations you can trust.
The Help To Buy Valuation Process
Inspection: A RICS surveyor will visit your property to conduct a thorough inspection.
Market Analysis: We analyze local property market trends and compare similar properties to determine an accurate value.
Report Preparation: You’ll receive a detailed valuation report, which you can submit to Target HCA as part of your Help to Buy process.
Our reports include all the necessary details required by Target HCA, ensuring compliance and clarity.
Frequently Asked Questions
How long is the valuation valid for?
A Help to Buy valuation is valid for 3 months. If your transaction takes longer, we can provide a revaluation if needed.
What happens if my property value has decreased?
If your property's value has dropped since the purchase, your repayment will be calculated based on the lower current value, reducing your repayment amount.
Can I use a regular estate agent's valuation?
No, Target HCA requires a valuation from a RICS-registered surveyor to ensure an impartial and professional assessment.
Contact DAW Surveyors for Your Help To Buy Valuation
At DAW Surveyors, we’re committed to making your Help to Buy process as straightforward as possible. Contact us today to book your RICS-compliant Help to Buy Valuation and take the next step in your property journey with confidence.
