Trusted Land Surveyors in Grimsby

Please see our comments on the procedures recommended for redeeming your equity loan while selling your property. Both the redemption process and the selling of your property can be considered at the same time. It would be prudent to be prepared to instruct the valuation for your redemption as soon as a price has been agreed for the sale of your property.

The valuation will take anywhere from 15-30 minutes depending upon the size of the property. It is important to note that it is a valuation only and not a survey. In order to speed up the process for your redemption, it is likely that we would request information regarding your original plot detail, purchase price, purchase date, developer, etc., and also any detail regarding any subsequent sale. The majority of the work carried out for the valuation report itself is done with the comparable analysis and providing the information required by the HCA team. This tends to be done away from the property itself.

The HCA will take the higher of the valuations for your redemption figure. If you have sold at a higher figure than the current market value provided by your RICS surveyor then it will be the higher sale price agreed that will be considered for the redemption. If the RICS value is higher than the sale price, then the RICS value will be considered for the redemption value.

The valuation report is a PDF which is pre-signed and emailed directly to you. We do not normally provide a hard copy but this can be provided if requested.

The intention is to provide the report to you within 3 days of the initial valuation taking place. In the majority of cases the valuation report is provided sooner but as the valuation criteria is very specific regarding the comparable evidence, this part of the report has to be accurate and if there is a delay, it is usually because there is a difficulty in obtaining the relevant comparable evidence, or indeed, physically speaking to those people who can provide it.