A help to buy valuation is necessary and the first step when people are looking to repay a help to buy loan they have taken out in the past. A help to buy valuation is carried out by a surveyor who completes a report and determines the property’s current market value. The current market value is affected by many factors and is an opinion of what the property would sell for based on its features and benefits. These features include size, age, design, and location. The report needs to be written in a specific way to meet requirements. The valuer must also meet a list of demands and have a registered qualification. The valuer should also be independent to an estate agent and not personally know the property owner.

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Property owners who are looking to complete their help to buy repayment have 3 months to do so after being sent a help to buy valuation by their surveyor. There are many online services and telephone lines available to receive a help to buy valuation quote. Homeowners should look at a handful of different options and ensure they pay the right amount and are not scammed whilst simultaneously choosing an experienced professional.

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