Help to Buy Valuations
A Help to Buy (HTB) valuation is an independent assessment by a RICS registered surveyor to determine the current market value of your home, necessary when selling, staircasing (repaying), or remortgaging. It involves an internal and external inspection to produce a valuation to ‘Red Book’ standards.
Key Aspects of a Help to Buy Valuation
- RICS Qualified Surveyor: Valuation must be by a chartered surveyor registered with RICS.
- Inspection Details: Surveyor inspects property condition, size, location; checks all rooms, may measure.
- Comparable Evidence: Report includes at least three similar property sales (size, type, within 2 miles).
- "Red Book" Standard: Follows RICS Appraisal and Valuation Standards.
- Validity Period: Report valid for 3 months.
- Repayment Amount: Determines cash repayable to Homes England based on current market value.
Important Considerations
- Independence: Surveyor must be independent of any estate agent.
- Timing: If report expires after 3 months, new valuation required; timing critical for sales or remortgaging.
Frequently Asked Questions
All of our reports comply with strict standards set by the RICS to ensure that you receive a professional service from start to finish.