Private Valuation
£150.00 - £300.00
A valuation can be necessary in various circumstances where a market value of a property is required. Private valuations are especially important with matters relating to Help to Buy, probate and marital separation. The valuer who produces it must be registered with RICS and be independent from any estate agents. Instructing us to complete your valuation ensures that all parties of the property transaction have a mutual understanding to the property’s current worth, allowing them to make clear and informed decisions.
Help to Buy Valuation
If you have previously used the Help to Buy scheme, you will need a registered RICS surveyor/ valuer to complete a private valuation for you. The valuation will take similar properties into consideration, in terms of type, size, and age and location radius ensuring that an accurate current market value is reached with a calculation of your outstanding repayment loan.
Probate Valuation
In the event of a deceased property owner, probate valuations are required to establish the market value of the property for inheritance tax purposes. This valuation is crucial for the executor of the estate or a legal representative to accurately distribute the assets among beneficiaries, ensuring that the correct amount of tax is paid.
Target HCA Requirements
( Help To Buy Valuation )
- The person who produces it must be registered with RICS and be independent from any estate agents.
- The report must be on headed paper, signed by the RICS surveyor, and addressed to Target HCA.
- The surveyor must provide at least 3 comparable properties and sale prices.
- The comparable properties must be similar to yours in terms of type, size, and age, and they must be within 2 miles of your property.
- The surveyor must not be related to you or know you.
- You must send a copy of the report to Target HCA
What is Target HCA?
Target HCA administer the Help to Buy scheme on behalf of the government. They also provide a Customer Information Pack for anyone looking to redeem their loan, either by selling their property or paying off the loan in full.