Help To Buy Valuations London – From £200

What and Why?

Foundation Surveyors are expert RICS-accredited Chartered Surveyors and are proficient in Help to Buy valuations for all types of residential property across London. You can trust us to provide you with an accurate valuation at a low cost. Contact us today to get a free quote.

The Help to Buy scheme was introduced by the government to assist those with 5% deposits to get on the housing ladder. The Help to Buy scheme is a shared equity scheme where the Government lends property buyers up to 40% of the property price, interest-free for 5 years.

If you have benefitted from the Help to Buy scheme and are currently in a position to remortgage, with a view to repaying your loan, then an RICS-regulated valuation will be required.

Alternatively, if you received a Help to Buy equity loan to purchase your property and you now want to sell, you will need to repay your equity loan at the time of sale.

Whether you are re-mortgaging or selling your property, you must instruct an RICS-regulated independent chartered valuation surveyor to carry out the valuation.

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Foundation Surveyors meet the pertinent criteria outlined by Target Services Limited (Target) to carry out Help to Buy valuations as defined below:

  • The Valuer must be registered with the recognized 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 of the property that is being inspected.
  • The Valuer must not be related or known to you.
  • The Valuer must inspect the interior of the property and provide a full valuation report.
  • Valuations carried out for bank or mortgage purposes are not acceptable.
  • A copy of the valuation report must be supplied to Target; the inspection date must be shown on the report.

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