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Help to Buy Valuations in Wilmslow

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Need a Help to Buy Valuation in Wilmslow?

CJ Bloor Property Consultants specialise in providing Help to Buy Valuations and are proud to be one of the leading Help to Buy valuation companies in Wilmslow.

What is a Help to Buy Valuation?

A Help to Buy Valuation is required for properties that are purchased under the government Help to Buy Scheme.

The valuation report is a complex document that we can prepare on your behalf.

In order for the valuation report to be compliant, it must accord with the following criteria set by Target HCA:

  • The Valuer must be registered with the recognised qualification of RICS.
  • The Valuer must be independent to an Estate Agent.
  • The report must be on headed paper, signed by the RICS surveyor and addressed to Target HCA.
  • The Valuer MUST provide at least 3 comparable properties and sale prices.
  • The comparables provided must be like for like in terms of property type, size, and age and within a 2 mile radius to the property that is being inspected.
  • The Valuer must not be related or known to client.
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When is a Help to Buy Valuation Required?

Help to Buy Valuations are required under the following circumstances:

Full redemption – this is where you pay your equity loan back in full, with or without selling your property.

Partial redemption – also known as Staircasing, this is where you pay back part of your equity loan without selling your property. 

Property Sale – If you choose to sell your property against which your loan is secured, you will be required to repay your loan in full.

In any of the above scenarios, Target HCA will require a RICS valuation from you.

We are here to guide you through this somewhat complicated process.

How will a Help to Buy Valuation be calculated?

Help to Buy Valuations are calculated using the Market Approach – This approach adopts the principle that the value of one property may be derived by comparing it directly with market transactions for similar properties.

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RICS Regulated

We are Registered Valuers and Members of the Royal Institution of Chartered Surveyors. We meet the criteria set by Target HCA, so you can rest assured that our RICS valuation reports are guaranteed to be accepted.

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DID YOU KNOW?

Not all chartered surveyors can carry out Help to Buy Valuations.

A Help to Buy Valuation report must be completed by a RICS Registered Valuer.

Still looking for help?

How do you find the house value?

The valuer will be a member of the Royal Institution of Chartered Surveyors as well as being a RICS Registered Valuer. They will find the value by comparing the property with other similar properties that have sold within the past 12 months after making any adjustments that they feel are necessary.

How much does a Help to Buy valuation cost?

Help to Buy Valuations generally cost between £195 and £245 exclusive of VAT. If you would like a No Obligation Quotation, simply click here.

How long does a Help to Buy valuation take?

The inspection is brief and normally takes 15-30 minutes to complete. The valuer will inspect the external and internal areas of the property making notes along the way.

What happens if the valuation is higher than the price I have sold the property for?

Target HCA want to make sure you are not under-selling your property and will use the higher of the two values. So, if the value in the report is higher than the price you have sold it for, Target will use the value in the report to calculate what is owed. That said, these situations are rare, and if the property has been marketed properly, it is unlikely that the report will show a higher value.

Who does the Help to Buy valuation report get sent to?

The Help to Buy Valuation report will be sent to you. It is not sent to anyone else, e.g. Target HCA.

When will I receive my Help to Buy valuation report?

The report will normally be sent to you within 5 working days from the inspection date.