Peter Barry Chartered Surveyors provide Help to Buy & Shared Ownership Valuations for homeowners across London and the surrounding counties.
If you have purchased your property with a Help to Buy equity loan and wish to either sell your property or repay the loan you will require a valuation from a Chartered Surveyor. The scheme is administered by Homes England. Homes England will require a valuation by a MRICS or FRICS qualified surveyor who is independent of an estate agent and not related to or known by you. The surveyor is required to inspect the property and provides a valuation report citing comparable evidence to support the valuation. Homes England deem valuation reports valid for a term of three months. If your transaction is not completed within three months they will require an updated valuation, which can usually be carried out on desktop basis (i.e. without re-inspecting the property) to save on time and costs.
Professional Shared Ownership Valuations
Similarly if you own a property purchased via a shared ownership scheme and want to sell the property or staircase (i.e. buy additional shares) you will require a professional valuation.
The requirements for the valuation will be set by the Housing Association which administers the shared ownership scheme and can vary between Housing Associations and even between developments, but in the main the requirements are typically similar to those under the Help to Buy scheme described above.
Specialist Chartered Surveyor & RICS Registered Valuer
Peter Barry Chartered Surveyors will assign your case to a specialist Chartered Surveyor & RICS Registered Valuer, who will visit your property and undertake a thorough review of the comparable evidence in order the ensure that the valuation is as accurate as possible.
They surveyor will provide you with a valuation report that meets the requirements of Homes England or your Housing Association and will also answer any queries that may be raised by the housing association in respect of the valuation once they have received the report.
Contact Us
If you would like to discuss Help to Buy & Shared Ownership or arrange for a valuation of your property our team will be happy to assist.
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