A local law firm with a core focus on people
Melanie Guest is Head of Residential Property at Parslows LLP and specialises in this part of the Jersey Property Market, having acted for the vast majority of homeowners in all of the Island’s local developments and schemes of this type
Interest rates appear to have reached some stability with the Bank of England keeping the base rate at 5.5% together with some mortgage providers already dropping their rates.
Jersey’s Government have announced that the budget will include the first-time buyer threshold increasing from £500,000 to £700,000.
They have also announced a £ 10 million first-time buyer scheme called “First step” for “shared equity” ownership (it’s not really shared equity, it’s really a soft loan scheme).
This scheme should help restart the property market and allow for trickle-up for property chains.
Qualifying applicants will have to have at least a 5% deposit of their own and will be able to benefit from a deferred loan repayment of up to 40% secured by a second charge over the property. The new homeowner’s mortgage provider will continue to have a first charge of the property.
Some 60 households should be able to benefit from this scheme and hopefully, more funds will follow in the future.
The scheme will be run by Andium and Islanders are asked to register their interest with the Assisted Purchase Pathway.
Why choose Parslows LLP as your conveyancing experts?:
We have acted for buyers in the majority of the Andium developments, including:- Clos de Roncier, St Clement;
Les Cinq Chenes, St Saviour; Clos du Foyer, St Clement; Rosemount, St Saviour Town Mills, St Helier Les Hoummets, Grouville Place Le Couteur, St Saviour Place Le Gallais, St Saviour and the Rue des Pres/Rue de Carteret, St Saviour developments.
At Parslows LLP, we understand that buying or selling a property is one of the most important decisions you will ever make. We also know that the conveyancing process can be complex and confusing. That’s why we offer a comprehensive range of services to help you every step of the way. Our team of experienced conveyancers will provide you with expert advice on all aspects of Jersey property law, from contracts and completion to stamp duty and registration. We will also keep you up to date with developments in the market and guide you through the negotiation process. With Parslows LLP on your side, you can be confident that your interests are being protected.
If you’re buying a property in Jersey or looking to sell your current home, whether it is freehold, flying freehold or share transfer, it’s important to get advice from experienced, friendly and helpful Jersey residential property lawyers and conveyancers. That is where Parslows LLP steps in. We are vastly experienced in dealing with all Jersey property matters in a professional, cost-efficient, and timely manner.
The experience built up by our well-respected property department means we are superbly placed to advise and guide our clients. Whether you’re a first-time buyer or some way up the Jersey property ladder, our team of real estate lawyers and conveyancers in Jersey provides an exceptional service for all our clients that is timely, accurate, pragmatic and handled in an uncomplicated and friendly way.
Melanie Guest heads up the Parslows Residential Property department. She has over 30 years of experience and has been trained in the field of Jersey property law and conveyancing. She has accrued extensive experience in Jersey property transactions, from small first-time buyer residential property transactions to million-pound properties and large-scale residential developments. Mel has represented both lenders and borrowers with regard to residential and commercial mortgages and has dealt with a very wide range of freehold and flying freehold property transactions. You can contact Mel via email or telephone +44 (0)1534 630530