Help-To-Buy Valuation from A RICS Registered Valuer by Houzecheck

HAMPSHIRE, U.K. - Dec. 7, 2018 - PRLog -- The Help-to-Buy scheme is a UK government initiative designed to assist prospective homeowners with 5 percent deposits achieve their dream. It is a shared equity programme wherein the government lends property buyers as much as 40 percent of a property's value for five years, interest-free. Since its inception in 2003, the scheme has seen over 1.2 million people opening Help-to-Buy ISAs. For those who have benefitted from this scheme but seek to remortgage the property, they have need of a Royal Institute of Chartered Surveyors (RICS)-registered to do the Help-to-Buy valuation.

Why Do You Need A Help-to-Buy Valuation?

A Help-to-buy valuation (https://www.houzecheck.com/help-to-buy-valuation) is needed to get an independent assessment of the current market value of a help-to-buy home. According to government regulations, it can only be carried out by a RICS-registered independent valuer. This figure –the property's value-, being a fair market value (MV) of the property, is important as it plays a role in the calculation of the amount (part of the loan) that needs to be paid back being.

It is done in three stages: Market research, visual inspection, and a post-inspection analysis.

How to Get A Help-to-Buy Valuation?

The homeowner can get a help-to-buy valuation by instructing a RICS registered valuer to do it. There are certain requirements that need to be confirmed at the point of instruction. The standard requirements include a copy of the valuation report, clearly stated inspection date, the valuer's relationship with the homeowner must be strictly professional, thorough inspection of the property's interior by the RICS-registered valuer.

In addition to these, the surveyor must provide at least 3 like for like properties in relation to type, size, and age within a two-mile radius of the property being valued. There are other requirements, but they are secondary to getting a RICS-certified surveyor (https://www.houzecheck.com/surveyor) to carry out the valuation.

How to Get A Help-to-Buy RICS-Registered Valuer?

At Houzecheck (https://www.houzecheck.com/), we not only assure you that the valuation will be carried out by RICS-registered valuers, but it will also be done efficiently and in a timely manner. It takes between 5 to 10 working days for a report to be ready though we can move faster in special circumstances. Our rates are competitive, fair, low and listed below (all rates are fixed and VAT inclusive):

-  Upto 2-bed property: £199

-  3-bed property: £249

-  4-bed property: £299

-  5-bed property: £349

An additional £50 discount is offered for help-to-buy and shared ownership customers.

Book Surveyor for Help to Buy Valuation at https://www.houzecheck.com/help-to-buy-valuation