Target/Help to Buy RICS Valuation for Loan Redemption

Residential Valuations

We carry out all types of residential valuations for a variety of clients, whether it be for homebuyers, homeowners, solicitors, individuals, housing associations, corporate clients or developers.

There are many other reasons why you made need a Residential Valuation. It could be buying a property, matrimonial purposes, a lease extension, building insurance, re-instatement cost, taxation, probate purposes, investment, auction acquisitions, shared ownership, audits, Right to Buy, stair-casing, freehold acquisition and so the list goes on.

Many valuations are referred to as ‘Red Book’ valuations. These are valuations based on the Royal Institution of Chartered Surveyors (RICS) Professional Standards which contain the mandatory practises for chartered surveyors undertaking valuation services. The vast majority of property valuations are Red Book valuations and will be unless specifically specified/detailed otherwise. The Red Book requirements include the International Valuation Standards 2020.

All our residential valuations are carried out by RICS registered valuers.

RICS Help to Buy Repayment/Loan Redemption for 'Target' or 'Places for People Homes'

We carry out many valuations for the Help to Buy Repayment/Loan Redemption schemes, whether it’s for Target or Places For People Homes. We are very familiar with the basis of valuation requirements within the schemes.

We are Royal Institute of Chartered Surveyors (RICS) chartered valuation surveyors - our valuers are registered with the recognized chartered qualification of RICS.

We are independent to any estate agents.

Our Valuer must inspect the interior of the property and provide a full valuation report as detailed by Target requirements. The valuation will be valid for three months.

We can normally inspect within 5 working days and provide the report by e-mail within 5 working days.

Please e-mail or telephone us for a quote. If the property is a flat we will need to run through some cladding questions with you.

If the transaction does not complete within three months, an updated valuation can be provided on a Desktop basis (£50+VAT), again subject to Target's requirements. You must instruct us on the desktop valuation in good time as it has to be completed and sent to Target within 2 weeks of the original valuation expiring. It will only be valid for a further 3 months after which point the process has to be started again.

For more information go to: https:www.gov.uk/guidance/how-to-repay-your-equity-loan-when-you-sell-your-home

To book an appointment for properties in Kent please contact our Head Office on 01732 752099 or for properties in London on 020 80579890 or by e-mail to office@selkentsurveyors.co.uk