What is the basis of the valuation?
The valuation reports the open market value of the property as at the date of inspection, prepared in the format required by Target HCA for the redemption or sale of a Help to Buy equity loan.
RICS Red Book compliant :
the report is prepared by an RICS Registered Valuer in accordance with the Red Book and meets the Target HCA requirements.
Target HCA format :
the report includes the specific information and declarations the Homes and Communities Agency requires to calculate the amount payable to redeem the loan.
How does the process work?
We inspect the property, assess its condition and characteristics, research comparable market evidence, and prepare the formal valuation report for submission to Target HCA.
When do you need a Help to Buy valuation?
A valuation is required when you repay your Help to Buy equity loan in part or in full, remortgage to repay the loan, or sell your shared equity home.
Key Benefits
You need a valuation when you repay your Help to Buy equity loan in part or full, remortgage to repay the loan, or sell your shared equity home.