First Help to Buy House Purchase Completed in Wales

Howells Solicitors have completed the sale of the first property in Wales to be purchased using the recently launched Government backed Help to Buy scheme.

Howells Solicitors have 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 Howells, 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 Howells 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."

Howells Solicitors have five offices along the M4 corridor in South Wales providing comprehensive private and commercial legal services. They were named as the one of the top three large conveyancing firms in the UK in the 2013 Estate Agency of the Year Awards and The Family Year Firm of the Year as awarded by Corporate Livewire.

The Help to Buy Scheme was launched in Wales at the beginning of January with the backing of the Welsh Government. The scheme will provide loans of up to 20% of the price, interest-free for five years, on new-builds up to a value of £300,000 for eligible buyers.

Howells have published their own guide to the Help to Buy scheme - http://www.howellslegal.co.uk/news/post/Your-Guide-to-the-Help-To-Buy-Scheme-in-Wales.aspx.

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Real Estate