More islanders will be able to access first-time buyer homes under updated government guidance aimed at widening eligibility and making better use of Jersey’s housing stock.
Housing Minister Sam Mézec announced revisions to the island’s first-time buyer policy, introducing new ways for people who have previously owned property to still qualify in certain circumstances.
Two new discretionary categories have been introduced. The first supports “right-sizing” – allowing homeowners in larger properties to move into smaller, more suitable first-time buyer homes.
The second allows “lateral moves”, meaning islanders can switch to a similar-sized home if it better suits their needs – for example, due to layout or location.
Other existing discretionary routes will continue. These include people needing to upsize as their family grows, those who inherit unsuitable property, and those whose circumstances change due to a relationship breakdown.
Deputy Mézec said the changes would also help ensure the island’s housing stock is used more effectively.
“Creating more discretionary categories supports a wider range of housing needs that we see amongst islanders, particularly those who wish to right-size to a more suitable property and open up larger family homes,” he explained.
“This reflects the commitment that I made as minister to extend home ownership to as many islanders as possible and ensuring the best possible use of the housing stock we have.”
Individual assisted home ownership schemes retain their own eligibility criteria, and prospective applicants are encouraged to review scheme-specific requirements before applying.
Tax benefits such as reduced stamp duty and land transaction tax will still be reserved exclusively for those purchasing their first property.