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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

£10m scheme to help first-time buyers onto the property ladder

26 September 2023

A new £10 million shared equity scheme to help Jersey’s first-time buyers into home ownership has been announced by the Minister for Housing and Communities, Deputy David Warr. 

Under the First Step scheme, eligible Islanders will be able to access a Government contribution of up to 40% towards the purchase of an open-market property. The buyer will need to provide a 5% deposit towards the purchase. 

The funding, which was allocated in a previous Government Plan, will be available as soon as final policy development is completed in partnership with local banks. This is expected to be by spring 2024. From today, Islanders already registered on the Assisted Purchase Pathway are being invited to register their interest by contacting Andium and ensuring their details are up-to-date. Islanders not already registered on the Pathway but wishing to put themselves forward for the new scheme are being encouraged to register their details and interest now. 

It is anticipated that up to 60 households will be able to benefit from the initial £10 million investment, which the Government will consider extending should the scheme prove successful. 

Access to First Step funding will be available to those who have a household income within the Minister for Housing and Communities’ existing assisted purchase eligibility criteria. The allocation of funding will be prioritised towards the lowest-income households, taking into account how long they have been registered on the Pathway. 

The First Step scheme will also be limited to true first-time buyers, who have never owned property in Jersey or overseas. 

The Minister for Housing and Communities, Deputy David Warr said: “This Government is supporting Islanders to achieve their aspiration of home ownership. The investment we’re making to support first-time buyers will provide targeted assistance for Islanders, particularly those on lower incomes, at a time when housing market transactions have slowed. 

“We recognise that getting onto the property ladder is a challenge for many Islanders. We’re not saying this amount of money will improve affordability conditions in general, but the First Step scheme, together with the other initiatives being delivered to support home ownership, will enable us to make a real difference to Jersey families. 

“This scheme won’t just help first-time buyers, but will also help complete chains, with a ripple effect that I believe will get the housing market moving again. 

“Having carefully considered around 20 different options, Ministers feel this scheme represents the best way we can support a good number of households, in a manner which works in today’s housing market conditions. The way it’s structured means this isn’t the Government giving out ‘free money’, but we’ll be helping people bridge the gap to get their first step onto the housing ladder, whilst seeing a return for Government in the long-term and we want to see that re-invested back into new schemes in the future.” 

The detailed policy for how the funds will be prioritised and allocated will be further refined over the next few months, working with local banks, lawyers and estate agents. There will, however, be limits on the total property costs to ensure as many households as possible are supported.

The Government is partnering with Andium Homes, the States-owned affordable housing provider, to administer the First Step scheme, making use of its established skills and experience running the Andium Homebuy scheme. 

Carl Mavity of Andium Homes said: “Andium Homes is delighted to be working with the Government on this exciting initiative for first-time buyers, which will operate alongside our existing Andium Homebuy shared equity scheme, adding considerably to the 60 of our own homes that we sell to first-time buyers each year. 

“We are also delighted to announce that we will shortly be marketing a selection of new one- and two-bedroom apartments also for sale through our Homebuy Scheme in 2024.

“Together, Andium Homebuy and First Step make it a really exciting time to be a first-time buyer and we want to encourage as many people as possible to register for the schemes. Anyone wishing to do so or just wanting more information should visit our website or pop in and see us at our office in Don Street.”

Islanders wishing to join the Assisted Purchase Pathway, or those wanting to update their details, can do so via

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