Shared Ownership Valuation Surveyors
If you’re considering selling or re-mortgaging your property, our RICS Registered Valuers and Chartered Surveyors are here to help. Our team is familiar with Help-to-Buy valuations, Shared Ownership valuations, and Staircasing valuations alike.
Valuations for shared ownership must be carried out by a RICS Registered Valuer. If you have bought a home using a shared ownership scheme, our Chartered Surveyors and Valuers are familiar with the majority of Housing Association rules and requirements regarding the valuation process.
Our Help-to-Buy valuations are carried out in accordance with the RICS Red Book Standards and a detailed report will be produced using a comprehensive database of comparable evidence. Help-to-Buy valuations are normally valid for three months, but should you need to extend this period, we can carry out a remote Desktop Valuation.
What is a Help-to-Buy Valuation?
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 new property, such that the buyer only needs to pay a small commitment.
A Help-to-Buy valuation is required when selling a home bought via the Help to Buy scheme. The valuation is undertaken to determine the market value of the property. It is also needed if you intend to buy back all or some of the Help to Buy share of your home via Staircasing.
At Crest Surveyors, our chartered surveyors and RICS registered valuers have carried out several valuations relating to Help to Buy properties. We provide reports that fully comply with the Loan Provider requirements.
Conditions that must be fulfilled when carrying out Help to Buy Valuations:
- The valuation must be carried out by an RICS Registered Valuer.
- The valuer must be independent of an estate agent.
- The valuation report must be on headed paper, and must also be signed by a RICS Registered Surveyor.
- The valuer must provide at least three comparable properties and sale prices.
- The three comparable properties must be similar in terms of size, age, type, and must 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 property interior, and provide a full valuation report.
What's included in a help-to-buy and shared ownership valuation?
Our experienced RICS qualified surveyors will carry out your valuation, and provide you with a completed report documenting all requirements. This will include:
- A thorough room-by-room inspection of the property with photographic evidence.
- Details of the properties current condition, with details of any defects if present.
- Details of any properties that have been sold in the nearby area within the last 12 months.
- Information about the properties location and surrounding area.
If you have any questions regarding your completed report, our team is ready to help. Simply get in touch with any questions you may have, and we’ll provide the guidance you need to get the most out of your valuation.
Book your survey with Crest Surveyors
With helpful, trained and experienced RICS qualified surveyors, we’re ready to help you on your journey to buying or selling your property. We offer affordable services to those local within London and home counties, and provide a quick and reliable service to ensure that the process moves smoothly.
If you’re interested in learning more about our help to buy valuations, simply get in touch with one of our team members today. You can call us using the number provided on our Contact Us page, or fill out an enquiry form below to send us a direct email.
A shared ownership valuation is required when individuals that purchased their property through a shared ownership scheme, such as the Help to Buy scheme, wish to sell their property, or purchase more shares in it (also known as staircasing).
A RICS Registered Valuer will determine the current value of the property via an inspection of the property and analysis of the local area, in order to determine the amount that is owed to the Housing Association or government upon the sale of the property.
Shared ownership valuations must be carried out by a RICS Registered Valuer. RICS Registered Valuers are independent of both parties, thus ensuring that the valuation is accurate and free from bias.
After completing the physical valuation, our RICS Registered Surveyors aim to deliver finished reports within 3-6 working days. You should note that Help-To-Buy valuation reports are only valid for three months. However, if after this time you need to extend your Help-to-Buy valuation report we can carry out a remote Desktop Valuation for a lower fee.
Book Shared Ownership Valuations and Help-to-Buy Valuations with RICS Registered Valuers in London
Complete the form below to book a RICS Registered Valuers, and a member of the team will get back to you shortly (9am to 5pm Monday-Friday) to arrange an appointment.
Our experienced and skilled RICS Registered Valuers will carry out a thorough inspection of the property, and deliver a valuation that is clear and easy to understand.