ONLY £199+VAT
£238.80 inc. VAT
Target Approved
The Help to Buy scheme allows buyers to purchase a new build property with a 5% deposit and the government provides a 20% (40% in London), interest free equity loan for the first 5 years.
After five years, interest becomes payable on the loan and at this point many home owners decide to pay back their Help to Buy Loan. Whenever a property is sold, or the Help to Buy loan is paid back (in full or in part) a formal RICS “Red Book” valuation is required. This is a formal valuation report carried out by a RICS Registered Valuer, Joe Fraser Chartered Surveyors specialise in providing Target Help to Buy Valuations.
JFCS – a market leading firm of Chartered Surveyors
£238.80 inc. VAT
If Target don’t accept the valuation, we’ll refund you in full (see below for further details).
On average, we typically return your report within 2 working days of inspection.
JFCS Target Approved Valuation Reports are £199 (£238.80 inc. of VAT)
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JFCS – a market leading firm of Chartered Surveyors
£238.80 inc. VAT
If Target don’t accept the valuation, we’ll refund you in full (see below for further details).
On average, we typically return your report within 2 working days of inspection.
JFCS Target Approved Valuation Reports are £199 (£238.80 inc. of VAT)
Please enter your details to pay and confirm your booking:
Joe Fraser Chartered Surveyors
Target specify the following valuation criteria and all of our reports are produced in accordance with this criteria by our RICS Registered Valuers:
These properties must be like-for-like in type, size, age and within 2 miles of the property that is being inspected. Further information on managing your Help to Buy loan is available here
We charge £199 + VAT for a Help to Buy valuation (£238.80 including VAT). There are no hidden costs and, after three months if you require a “desktop” extension, this is completely free. The valuation report will remain valid in total for six months (as stipulated by Target).
Target specify that if the transaction is not completed within 3 months of the report date, you can obtain a “desktop” valuation, where the valuation is reviewed and an updated report is provided. We don’t charge for this service, but you will need to contact us to let us know it is required. After six months, you will need to obtain a new report.
If you are looking to staircase or pay off your Help to Buy Loan, we would advise to instruct the valuation as soon as you are ready to either pay off the Help to Buy loan or if you are selling your property, once you have accepted an offer.
We provide realistic, formal valuation reports based on sales of similar properties in the local area. Our valuations are carried out by expert RICS Registered Valuers. It is not an estate agent’s marketing appraisal, and the report will provide a sensible, achievable value.
This is a very rare circumstance. Target state that the repayment of the loan is based on the higher of the Sale Price or the Help to Buy Valuation. However, in our experience if you have sold your property on the open market with an estate agent, it is highly unlikely that our valuation would be higher.
Yes, you will need a solicitor to redeem the loan, whether selling or staircasing/ paying off your Help to Buy Loan.
Yes. We are fully aware of Target’s criteria and have carried out many valuations for Help to Buy. Our reports fully comply with all the listed criteria and we also ensure that they comply with additional criteria that Target require, albeit do not list on their requirements.
All our Help to Buy valuations come with a “money back guarantee”. If Target don’t accept your valuation, we’ll give you a full refund. All we ask is to give us chance to address any comments Target have. Sometimes, they require additional information (for example if the property is being sold for less than when it was purchased new).
Usually we are able to offer a valuation appointment within the week and reports are returned within 2 – 3 working days. The valuation inspection usually takes around twenty minutes and we’ll arrange an inspection date and time to suit you.
You will receive an electronic PDF version of your report to the email address provided when we are instructed.
Target have an application form that needs to be completed, you should send the valuation report to Target along with your completed application form and Target’s administration fee, your solicitor may also require a copy. Target require the report is sent to them within 5 working day of the date the report was issued.
The original equity loan is for 20% or 40% (London only) of the value of the property. The amount to be paid back will be 20% (or 40% in London) of the reported value. If your property has gone up in value, you will pay more back, or less if the property has gone down in value. If you are selling your property it will be based upon the higher of the sale price or the valuation provided. It is very rare that a property would be valued for higher than it has been sold for, on the open market.
Simply let us know 48 hours prior to the valuation and we’ll give you a full refund. Within 48 hours there may be a cancelation fee payable.
We can carry out valuations for many purposes and are familiar with equity loans provided by other parties such as house builders. We also routinely carry out valuations for shared ownership and right to buy purposes. Get in touch and we’ll be happy to help.
We provide a simple money back guarantee, if Target will not accept the valuation we will give you a full refund. All we ask is that if Target challenge any aspect of the valuation we are given opportunity to amend the report in accordance with Target’s comments. If they still don’t accept the report we’ll give you your money back. On rare occasions we are aware of instances where Target has challenged a completely valid report or asked for further information (usually
SURVEYS COLLECTIVELY CARRIED OUT BY OUR TEAM TO DATE
Joe Fraser Chartered Surveyors
6 Halegrove Court
Stockton-on-Tees
TS18 3DB
UK
Call 01642 262728
Joe Fraser Chartered Surveyors
83 Victoria Street
London
SW1H 0HW
UK
Call 020 7206 2612
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