What is a help to buy valuation?
A Help to Buy valuation is an independent assessment of a property’s current market value, prepared for the purpose required by the relevant equity-loan administrator. It may be needed when you sell your home, repay the loan in full or in part, or take another step that requires an updated valuation.
When might you need one?
The Help to Buy: Equity Loan scheme in England is closed to new applications, but existing customers may still need a valuation to manage or repay a loan. The administrator’s current instructions determine who can carry out the valuation, what the report must include, how recently the property must have been inspected and how long the report remains valid.
What to expect
- Tell us which scheme administrator has requested the valuation and what transaction you are planning.
- We agree the purpose, valuation date, inspection scope and report requirements before the instruction is accepted.
- A surveyor inspects the property as required by the agreed scope and prepares an independent report.
- You submit the report to your administrator and follow its instructions on next steps and deadlines.
RICS Red Book standards
We adhere to the RICS Valuation – Global Standards, commonly known as the Red Book, when preparing formal valuations. The agreed instruction defines the valuation purpose, date, basis, scope and assumptions for each report.
Important information
Scheme rules and submission requirements can change. Confirm the current valuation instructions with your administrator before booking; a valuation report does not guarantee acceptance or determine the amount you must repay. Our formal valuation work is prepared in accordance with the RICS Valuation – Global Standards (the Red Book), subject to the agreed purpose and scope.
Every instruction is specific to the property and intended use. Contact us to discuss the requirements and provide any forms or guidance you have received.