The Help to Buy scheme is a government initiative that helps first-time buyers and existing homeowners purchase a property with a smaller deposit of as little as 5%. The government then provides an equity loan of up to 20% of the property value (or 40% in London) to help the buyer secure a mortgage with a lower interest rate.
How long is the valuation report valid for?
Our help to buy valuation reports are valid for 3 months. If after this period the property transaction does not materialise then we are able to provide a desktop valuation which will be valid for an additional 3 months. This can be provided by the original surveyor, who is not required to revisit the property and will reconfirm the valuation.