Purchase scheme eligibility
If you're interested in buying a home but need some financial help to do so, you may be able to apply to join assisted purchase home ownership scheme.
You will be eligible to purchase a property through an assisted purchase home scheme if you:
-
are over 18 years old
- are residentially qualified to live in Jersey (you must have ‘Entitled’ residential status)
- have been resident in Jersey for more than six months prior to the date of application
- have not previously or currently own another property in Jersey or elsewhere in the world (are a first-time buyer)
- cannot afford to purchase a property suitable for their needs in the open market
- can meet the long-term financial commitment of purchasing a property
- are going to live in the property as their principal place of residence
- have an annual household income below the limits set out in the following table:
Property size Maximum gross annual income
|
|---|
1 bedroom flat
| £65,000
|
|---|
2 bedroom flat
| £85,000
|
|---|
2 bedroom house
| £105,000
|
|---|
3 bedroom house
| £125,000
|
|---|
4 bedroom house
| £135,000
|
|---|
Further information on the eligibility criteria for purchasing a property through an assisted ownership scheme can be found in the following policy document:
Assisted Home Ownership Schemes Eligibility Criteria policy
Apply for the First Step scheme
First Step is a new home ownership scheme being delivered in partnership with Andium Homes to help aspiring homeowners onto the property ladder.
Islanders who are eligible will be able to access a government contribution of up to 40% towards the purchase price of an open market property.
Apply for the First Step scheme
You must provide a minimum 5% deposit towards the purchase and secure the maximum lending available to them from one of the scheme’s partnering mortgage lenders.
There are 3 rounds of applications for the scheme. The final round is open from 23 September to 20 October 2024.
Andium Homes will notify successful applicants after the deadline.
First Step Assisted Home Ownership policy guidance
You can apply for the First Step scheme if you're registered on the Assisted Purchase pathway. If you aren't on the Assisted Purchase pathway you can apply below.
Apply to join the Assisted Purchase pathway
Islanders interested in registering for the scheme can do so through Andium Homes:
Apply to join the Assisted Purchase pathway
Current schemes
Schemes that are currently providing assisted purchase homes include:
-
Government of Jersey’s First Step open-market shared equity scheme
-
Andium Homebuy scheme
- Re-zoned housing sites
- other schemes offering assistance towards the costs of purchasing a property (see additional detail in policy document)
How the purchase schemes work
Purchase schemes can be run by private agencies and housing providers. Schemes can become available at various times.
Each scheme can different and have its own rules. For example, some might provide homes at a discounted price, whereas others might provide help towards a deposit to buy a home.
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