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100 homes made more affordable for Islanders

100 homes made more affordable for Islanders

Saturday 21 March 2015

100 homes made more affordable for Islanders

Saturday 21 March 2015

A Jersey couple with three children have finally managed to buy their own home through the Island’s affordable housing scheme.

Daniel and Emma Sherwood bought their new family home from Andium Homes who are celebrating having now sold 100 homes through their deferred payment sales programme.

The scheme means people like Mr and Mrs Sherwood who qualify through the Affordable Housing Gateway can defer paying up to 25% of the first time buyer’s sale price depending on what they can afford.

Andium Homes’ Chief Operating Officer John Hamson said: “I would like to congratulate Mr & Mrs Sherwood on their successful purchase. We are always happy when we can make homeownership a reality for families and it is especially pleasing when a sale is made to someone who has been in the social rented sector, some of whom we have known for many years as their families have grown up in our homes.”

“The sales programme has also been a great success for us, generating in excess of £24m all of which has been reinvested into the stock to develop new homes and support major refurbishment projects.”

The first deferred payment sale was made in 2008 to a family who bought a home at Grasett Park and there have since been 27 homes sold there as well as Oak Tree Gardens, Bashfords and Gorey Village.

Mr and Mrs Sherwood said they wouldn’t have been able to buy their new home at Bashfords any other way.

They said: “The deferred payment scheme gave us the opportunity to buy our own home which would have been out of our reach otherwise. We are so pleased to be able to provide our children with long term stability and security by means of this scheme.”

The Andium Homes Strategic Business Plan aims to sell around 15 homes through the scheme every year.

You can find out more about the scheme here.

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