Shared Ownership
Shared ownership valuations are conducted to provide an independent and impartial assessment of the market value of a shared ownership property. This valuation must be carried out by a RICS-registered valuer. It assesses the whole value of the property before determining the percentage split, usually between housing associations and homeowners.
Our surveyors and valuers are familiar with housing association rules, regulations and requirements regarding the valuation process and will carry out the valuation in accordance with RICS Red Book standards. A detailed report will be produced using a comprehensive database of comparable evidence.
This valuation is normally valid for three months. However, if you need to extend this period we can carry out a remote desktop valuation for 50% of the normal fee.
Help to Buy
Help to Buy is a program introduced by the government with the aim of making it easier for first-time homebuyers to afford their first home. In this scheme, the government lends homebuyers up to 40% of the cost of the property. This way the buyer only needs to pay a small, affordable amount. This valuation is normally valid for three months. However, if you need to extend this period we can carry out a remote desktop valuation for 50% of the normal fee.
When do I need a Help to Buy valuation?
This valuation is required when selling a home bought via Help to Buy, or if you intend to buy back all or some of the Help to Buy share of the property.
We provide valuation reports that fully comply with loan provider requirements. Conditions that must be fulfilled when carrying out Help to Buy valuations are set out below:
- The valuation must be carried out by a RICS-registered valuer
- The valuer must be independent from an estate agent
- The valuation report must be on headed paper and signed by a registered surveyor
- The valuer must provide at least three comparable properties and sale prices
- These three comparable properties must be similar in terms of age, size and type, and also be within a 2-mile radius to the property being valued
- The valuer must not be in any way related or known to the client
- The valuer must inspect the interior of the property and provide a full valuation report
How much will this cost?
Our prices are extremely competitive. All amounts below are inclusive of VAT:
- £285 for a 2-bed property
- £305 for a 3-bed property
- £345 for a 4-bed property
- £375 for a 5-bed property
Book your valuation now by giving us a call. You can also fill in the online form below and we will call you back to confirm your appointment date and time. One of our skilled and experienced surveyors will carry out a valuation of the property and provide you with a report that is comprehensive and easy to understand.
