First Time Buyers and The Affordable Housing Gateway
Updated 26 October 2016
Words you may need to know
Guidance – help or advice given to understand something better
Defined – described as
Entitled- the right to have something
Residential status – under the Control of Housing (Jersey) Law 2011 people are given a residential status or category. Entitled status is the highest you can get and means you can rent and buy any living accommodation.
Designated – labelled or given a specific purpose
Eligible - entitled or qualified to do something
‘Flying Freehold’ and ‘Share Transfer’ flats – names given to certain types of ownership of flats in Jersey
Demonstrate – show convincingly, prove
Spouse - husband or wife
Outgrown – got too big for
Merit – worth, reason why you should have something
Inheritance – the ownership of something that becomes yours after somebody has died
Sibling – brother or sister
Clarify – make clear
The Strategic Housing Unit has issued the following guidance regarding who may be considered a "first time buyer":-
A “first time buyer” is defined as a person who has entitled residential status and has never owned or had an interest in a property in Jersey or elsewhere.
Having first time buyer status allows a person to purchase and live in designated first time buyer accommodation, which is determined by planning conditions. If a person owns or has owned property before, there are circumstances where they may still be considered a first time buyer:
The owner of a Flying Freehold flat will be eligible, assuming the existing flat is sold to a first time buyer. Persons wishing to purchase a first time buyer property who already own a flying freehold flat must also be purchasing a larger property.
The owner of a Share Transfer flat will be eligible, providing they have sold the Share Transfer flat.
The owners of property may be considered, if they can demonstrate there is a need for them to be deemed to be first time buyers, to enable them to purchase a larger property, i.e. if the family have outgrown their current accommodation in terms of the number of bedrooms.
Individual cases will be treated on their merit where land not being a home has been previously owned, e.g. such as by inheritance of agricultural land, joint inheritance with siblings of family property, or other general minor land/property ownership.
Where property was owned by a spouse in a former marriage, the couple will be considered as first time buyers provided the spouse who has not owned property is entitled in their own right. If not, then the couple will not qualify as first time buyers. There may be some exceptions where no financial benefit has been gained, but these would have to be considered individually by the Minister.
In any of the above situations the applicants are advised to clarify their status with the Strategic Housing Unit (tel 440547) well in advance of making any arrangements to consider any particular purchase.
The States offers support to people who wish to purchase their own home but require some form of assistance to do so.
For more information see:
Affordable Housing Gateway here