Posted by
Eve Kelly at 16:25 on 23 Sep 2008
With news about the housing slump and first time buyers being unable to get a mortgage, it’s good to hear about some sensible steps to try and help jump start the depressed housing market.
A scheme in Jersey has been devised to help first-time buyers get on the property ladder. Islanders who meet the strict criteria will be given 35% off the asking price under a shared equity scheme.
The socalled ‘Jersey Homebuy’ is only open to residentially-qualified first time buyers earning a taxable income of between £40,000 and £60,000 a year. Those wanting to buy three-b