Help to Buy Valuations in Billericay
If you’re looking to sell, remortgage or increase equity on your Help to Buy home, then you’ll need to provide a Help to Buy valuation report. The report will need to be produced by a RICS registered, independent Chartered Surveyor, and will outline the amount repayable to Target HCA. This will be based on the current market value of your property.
Here at Morgan Sloane, we have over 20 years of experience in the property sector in Essex. We pride ourselves on providing our clients with a quick, reliable and efficient service. With our Help to Buy valuations starting from just £130, we’re here to help you take your next steps on the property ladder.
Get in touch with Morgan Sloane today and speak to one of our friendly team members about arranging a Help to Buy property valuation.
Why do I need a Help to Buy valuation?
If you’ve purchased a property using the government’s Help to Buy scheme, then you’ll be required to produce a Help to Buy valuation report upon selling, remortgaging or buying more equity to send to Target HCA. This is because when you purchase a Help to Buy property, you will have entered into a contract with Target HCA who will own a percentage of the property. The home valuation will need to be carried out by an independent, RICS Chartered Surveyor to ensure that you repay the correct amount. This amount is based on the current market value of your property and not the initial loan amount.
How do you make a Help to Buy valuation?
One of our Chartered Surveyors will make a visit to your Help to Buy property and carry out an inspection of your home. All of our highly-knowledgeable Chartered Surveyors have fantastic knowledge of Billericay and surrounding areas. The home inspection, local knowledge and the housing market are combined to create an accurate report. This will then be sent to the Target HCA who will calculate an accurate repayment figure.
It’s important to know that once you receive your report, you will need to send it to Target HCA within 3 months. This is why we always recommend being in the position to sell, remortgage or buy more equity before you hire a Chartered Surveyor.
Next Steps...
Get in touch with our specialist RICS Chartered Surveyors today and arrange a Help to Buy valuation.