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Help to Buy Valuations

If you need a RICS-recognised Help to Buy valuation to redeem your equity loan, let us help.

What is the Help to Buy scheme?

Help to Buy is a Government scheme to help people get on – or move up – the property ladder. Under the scheme, the Government or a housing association gives the buyer an equity loan of up to 20% of the cost of a newly built property, meaning they only have to find a 5% deposit to get a 75% mortgage.

With the five-year interest-free period for many Help to Buy homeowners now coming to an end, you may be looking to redeem your equity loan. We can help ensure your final redemption total is fair and reflects current market value.

What is a Help to Buy Valuation?

A Help to Buy valuation will give you a fair and accurate assessment of the current market value of your property. If you’re looking to pay down your Help to Buy equity loan, it will help the provider calculate the redemption figure. A Help to Buy valuation must meet the following criteria:

Why do I need a Help to Buy valuation?

If you purchased your home through the Help to Buy scheme, there are several reasons why you might need a Help to Buy valuation, including:

In any of these scenarios, you’ll need a RICS Professional (Red Book) Valuation carried out by a RICS-registered valuer to proceed.

Interest-free period ends

Your Help to Buy scheme comes to an end at five years, or you want to sell the property you bought through Help to Buy within that timeframe.

Full redemption

You would like to pay your equity loan back in full, with or without selling your property.

Partial redemption

You want to pay back part of your equity loan without selling your property.

Property sale

If you’re selling the property your equity loan is secured against, you’ll be required to repay the loan in full.

What will my Help to Buy valuation cover?

If you’re planning to sell your property or redeem your Help to Buy equity loan, a valuation by a RICS-registered surveyor is essential. It will give you an accurate idea of the property’s market value, backed by detailed evidence of how the valuer came up with their estimate. Because RICS is the professional body representing the surveying industry, RICS valuations are the only ones accepted by lenders, Help to Buy and shared ownership schemes.

The RICS surveyor will assess the age, size, location, construction and condition of the property and consider any development or renovation work that has been carried out. They will use this information to evaluate the property compared to similar homes in the same area, to estimate its current market value. Your Help to Buy scheme loan provider will use the report to calculate the loan redemption figure, which must be paid off in full.

Book your Help to Buy valuation today

GB Home Surveys is an independent, RICS regulated chartered surveyors. We have provided trusted property surveying and valuation services for almost 30 years.

Our Help to Buy valuation service is thorough, convenient and hassle-free. It will provide you with all the information you need to ensure your final equity loan redemption total is fair, accurate and reflects the current value of your property. For a free, no-obligation quote, give our friendly team a call today to discuss your requirements.

Fixed fee Help to
Buy valuation - £250+VAT

RICS-regulated
chartered surveyor

Quick turnaround
times

Trusted and
independent

30 years’
experience

“The survey was booked and completed quickly. I was provided with a good explanation of what was included and why, so that I understood what I needed to do. Thank you for your help and advice.”

- Karon Rudge

Looking for a quote, or maybe you have a question? Get in touch today.

GB Home Surveys
4 High Street
Newent
Gloucestershire GL18 1AN

Registered in England: 02702789
Copyright © 2021 GB Home Surveys
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