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Assisted Ownership Scheme launched in Jersey

28 September 2023

The Government of Jersey has launched an assisted ownership scheme to help first time buyers to get on the housing ladder.

How will the scheme work?

Under the 'First Step' scheme, the Government will provide a loan to eligible first-time buyers of between 10% and 40% of a property's purchase price to assist with the purchase of a home.

The balance of the property price can be funded by a mortgage of up to 55% and a deposit of 5% from the purchaser.

The Government will secure the loan by way of a second charge over the property and the purchaser can choose to repay the loan in increments or on the sale of the property in the future.

The scheme will be administered by Andium Homes.

Who is eligible for the scheme?

Any first-time buyer within the household income thresholds below can apply through the Assisted Purchase Pathway waiting list.

Applicable household income 

Property type

Maximum household income

1-bedroom flat


2-bedroom flat


2-bedroom house


3-bedroom house


4-bedroom house



Which properties will be eligible under the scheme?

All open market properties will be eligible, except for new build properties. The Government aims to stimulate the local market and get housing chains moving again whereas new build developments do not form part of a chain.

How many purchasers could be supported by the scheme?

The Government has set aside £10m to fund the scheme, which should support up to 60 property purchases in its first year. If successful, the Government may choose to continue with the scheme in the future.

How do purchasers apply for the scheme?

Prospective purchasers should apply through the Andium Assisted Purchase Pathway. Further details will be made available in the coming months.

If you would like any further information, please get in touch with your usual Bedell Cristin contact or one of the contacts listed.

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