Client: Multiple first-time buyers under Andium Homes schemes
Location: Various developments across Jersey
Schemes: Andium Homebuy & Assisted Purchase Pathway
Background
Andium Homes plays a vital role in providing affordable housing solutions for Islanders, particularly first-time buyers. Through initiatives like Andium Homebuy and the Assisted Purchase Pathway, eligible buyers can access homes with financial support, such as deferred payment options and reduced deposit requirements.
Our Role
Parslows LLP has acted for buyers in the majority of Andium developments, including:
- Clos de Roncier (St Clement)
- Les Cinq Chênes (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)
- Rue des Prés / Rue de Carteret (St Saviour)
Our services included:
- Contract Review: Ensuring draft contracts were accurate.
- Due Diligence: Checking title, site and SSQs.
- Financing Guidance: Advising on mortgage security arrangements and stamp duty.
- Completion & Royal Court attendance: Managing the conveyancing process to meet deadlines.
Challenges
- Complex Scheme Rules: Each Andium scheme has unique eligibility and financial structures, requiring legal interpretation.
- High Volume Transactions: Coordinating multiple completions simultaneously while maintaining accuracy and client care.
Outcome
We have successfully completed numerous transactions under Andium schemes, enabling clients to secure affordable homes. Our proactive approach and clear communication were praised by clients navigating the complexities of assisted purchase schemes.
“Parslows made the process stress-free and explained everything clearly. We couldn’t have done it without them.” – Andium Homebuy client
Why It Matters
This work underscores Parslows LLP’s commitment to supporting affordable housing initiatives and helping Islanders achieve home ownership. Our expertise in assisted purchase and affordable housing conveyancing positions us as a trusted partner for both clients and developers.