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Help To Buy Government Valuation
dj_sav
Posts: 1 Newbie
Hello
Has anyone re-mortgaged at the end of their initial 5 year Help To Buy equity loan interest free period and had a government valuation? Interested to hear experiences in process, government valuation v market valuation, ease of which re-mortgage was sought/obtained, time frame, other costs involved, etc.
Thanks in advance.
Has anyone re-mortgaged at the end of their initial 5 year Help To Buy equity loan interest free period and had a government valuation? Interested to hear experiences in process, government valuation v market valuation, ease of which re-mortgage was sought/obtained, time frame, other costs involved, etc.
Thanks in advance.
0
Comments
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There is no government valuation. The HTB equity loan redemption/staircasing is based on standard RICS valuation or sale price.
The process takes from weeks to months based on the local HTB Agent. Target are notorious for being hopelessly slow.0 -
There is no local HTB Agent for staircasing/redemptions etc, only for sales, so don't go back to Orbit, BPHA etc.
All post-sales issues are handled by Target;-
https://www.myfirsthome.org.uk/
Using a remortgage, your surveyor's valuation determines the price/value. If you are selling, it's the higher of the agreed price and your surveyor's value which rules.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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