Help To Buy

If you’re selling, re-mortgaging, stair-casing or wanting to pay off or redeem your Help to Buy scheme, then you’ll need a Market Valuation Report from an RICS Chartered Surveyor and more importantly, an RICS Registered Valuer to provide a valuation of the property for you.

Equally, you may want to change how much equity you own, either by repaying the loan early or buying more equity back, and this will need to be assessed against your property’s current market value.

In accordance with Target HCA and various other Help to Buy providers guidelines, the valuation report will be valid for three months, so it’s important to make sure you get the right advice early on and you commission the valuation at the right stage in the process. Our highly experienced and friendly team is on hand to discuss your circumstances and help you every step of the way.

We will ensure that your report fully complies with all the criteria specified by the Help to Buy provider for a redemption valuation report.

Carpenters have carried out many such reports for clients since the schemes inception in 2013. Our highly experience surveyors are very familiar with the scheme’s requirements so you’re in safe hands with Carpenters!
Call the team today for a free no obligation and impartial advice and quotation.

What is Help to Buy?

With Help to Buy, the government backed scheme aims to help first time buyers onto the
property ladder.

Scheme summary:

• You typically only need a 5% deposit .
• The Government lends you up to 20% of the Market Value of the property .
• The loan is interest-free for 5 years , making your home purchase more affordable.
• You then need to secure a 75% mortgage .​

At the end of the 5-year period, you will need to redeem and pay back the interest-free loan.
This is when you will need an independent RICS Chartered Surveyor to carry out a Market Valuation report to provide an up to date assessment of the properties Market Value.