Posted on Jul 10, 2019

ML Surveyors

HELP TO BUY VALUATION SPECIALISTS
Target are the administrators charged by the HCA (Housing and Communities Agency) to deal with homeowners looking to redeem their Help to Buy loan. Obtaining a valuation should be undertaken as early as possible in order to avoid delays in the legal process.
The telephone number for Target for all enquiries is 0345 848 0235. Whilst Target do not have a panel of valuers, for conflict of interest reasons, they usually refer homeowners to the RICS (Royal Institute of Chartered Surveyors) in order to find a local RICS registered valuer.
For Help to Buy loan redemption, the valuation criteria is quite specific and a market appraisal by an estate agent or a copy of a mortgage lenders valuation will not suffice. The valuation report must be in a prescribed format, show an analysis of comparables relied on and be prepared by a RICS registered valuer.
THIS IS WHERE WE CAN HELP
Over recent months, ML Surveyors have prepared a significant number of Help to Buy redemption valuations and desktop extensions, all of which have been satisfactorily processed by Target.
If you are looking to redeem a Help to Buy loan, need further advice or a valuation, please do not hesitate to contact us on 01403 218621.
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