Specialist property lawyers Hoffman Male are seeing steady growth in the market thanks to a large increase in the numbers of homebuyers contacting them, wanting to take advantage of a Government scheme to encourage sales of new houses.
And the firm, which has offices in Swindon and Bristol, believes another Government initiative, due to come into force in January, will also give the property market a welcome boost.
The NewBuy scheme, which launched in March last year, enables buyers to purchase a new property with a much smaller deposit than they would normally need by offering loans from the Government and developers. In January the Government’s Help to Buy scheme will start offering mortgage guarantees to homebuyers with a deposit of just 5 per cent of the purchase price.
Mary Hoffman, partner at Hoffman Male, whose Swindon headquarters is at Windmill Hill, said the schemes are were having an impact on the housing marking, with the firm seeing an increase in enquiries.
“The NewBuy scheme is really making a difference to those people who want to move into a newly built property, but need help with the deposit,” she said. “As with many Government initiatives, however, they are not straight-forward which is why people are coming to us, as property specialists, to help with their purchase.”
Hoffman Male opened its base at Aztec West in Bristol in June, partly in response to the growing demand from the new homes market. Business at the new office, run by partner Yvette Morcombe, and the Swindon HQ is brisk.
As well as conveyancing, Hoffman Male specialises in wills, probate and estate planning. For more information visit www.hoffmanmale.co.uk or contact Mary Hoffman on 01793 538198 or Yvette Morcombe on 01454 202134.