Howells Solicitors has completed the sale of the first property in Wales to be purchased using the recently launched Government backed Help to Buy scheme.
The conveyancing department in the Swansea office of the award-winning law firm were instructed by Sian Jones on the purchase of a two bedroom apartment on the Persimmon Coed Darcy development near Neath.
Due to this being the first Help to Buy purchase in Wales, Philip Howell, founder partner of the law firm personally managed the case and worked with the Help to Buy co-ordinators throughout the process. It took just 20 working days from instruction to completion and all parties liaised together to ensure the quick and seamless transaction.
Commenting on the case, Philip Howell said, “It was a learning process for all parties involved. A couple of minor glitches were quickly resolved resulting in the swift 20 day completion. We have completed another Help to Buy case since and have others at various stages of the conveyancing process across our network of South Wales offices.”
The Help to Buy scheme, launched in October, helps anyone in the UK to buy a home up to the value of £600,000 with just a 5% deposit. The government aim to incentivise mortgage providers to lend by guaranteeing 15% of the home loan to them.
For more information about the Help to Buy scheme, and whether it’s the right one for you, take a look at our guide to Help To Buy.
If you’re hoping to purchase your own home using Help to Buy, talk to Howells' team of conveyancing solicitors today. Call 0808 178 2773.
by Tristan Lewis
