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Requirement for an Internal property Inspection

Why do we need to do an internal property inspection?

Other than the obvious reasons such as potential defects, quality and condition, all of which contribute to valuation, we are required professionally by RICS Global Valuation Standards January 2020 to inspect property assets internally.

Valuation Practice Statement 2 confirms that “any limitations on the inspection, inquiry and analysis for the purposes of the valuation assignment must be identified and recorded in the Terms of Engagement (VPS para 3.2(i)) and also in the report (VPS 3 para 2 point 2(h))”.  The limitation of the inspection is created by the requirement to socially distance from the advice given by Public Health England due to COVID-19.

VPS 2 para 1.3 reminds valuers that “to dispense voluntarily within an inspection or examination of physical assets may introduce an unacceptable degree of risk in the valuation advice to be provided”.

Furthermore, we have tried to offer an alternative procedure for your Help 2 Buy valuation and as well as the RICS requirements to inspect internally, we have had two categoric responses from Homes England (Government).  Please note that Target are the administrators for Homes England and will be instructed to comply with their instruction.

Please see the second response below which confirms that it is an unacceptable risk for Homes England not to have an internal inspection of the property.

“Dear Richard,

Thank you for your Enquiry.  Our team has replied with,

“ … can Homes England relax the requirement to carry our internal inspections for RICS Surveyors involved in Help to Buy valuations (due to COVID-19 precautions)?”

My understanding is we are not in a position to relax this requirement (it involves the security of the equity loan); we appreciate this is a difficult period and we have heard that a number of surveyors have stopped attending properties due to the current lock-down.


Help to Buy – Mortgage Administration Team

Homes England

Kind regards

Enquiries Team”


R J Harmer Ltd has been established for over 25 years and offers professional advice to a number of National Clients.

Our services range from Part Exchange Agency to the specialism of Help to Buy valuations, property survey and valuation and New Homes sales and land agency.

Our personal and professional approach has allowed us to develop on a National Basis and offer our clients a reliable and efficient service – indeed many of our national clients have been with us since we began.

Our geographical area for Help to Buy valuations has a national coverage. We cover most of the Midland cities, including Leicester, Lincoln, Nottingham, Derby, York, Sheffield, Leeds and Birmingham . Our regional counties include. Cambridgeshire, Lincolnshire, Northamptonshire, Bedfordshire, Warwickshire, Leicestershire, Rutland, Nottinghamshire, Derbyshire, South Yorkshire and West Yorkshire,

Hi Tracey Many thanks for sending this through and for the advice – most helpful. I have just sent the documents and spoken with Target on the phone (Caitlyn) who took my payment, looked over the documents and uploaded them to the redemption team as we spoke. Thanks again for yours and Richard’s help. All the Continue Reading

Hi Tracey, I would like to let you and Richard know that my Help to Buy Redemption has now been successfully completed. Thank you both for your great service and valuable advice with regards to the redemption process, much appreciated. Regards   –   Amit/Roshni

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