First Time Buyers of Freehold or Share Transfer Property

In order to qualify for a concessionary rate as a first time buyer you must satisfy all of the following:

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  • You must have Entitled status pursuant to the Control of Housing and Work (Residential and Employment Status) (Jersey) Regulations 2013, or be buying jointly with an Entitled spouse or civil partner.
  • You may never have owned or been entitled to occupy dwelling accommodation (whether in Jersey or elsewhere) by virtue of having owned or jointly owned that dwelling accommodation.  This includes share transfer ownership, having the benefit of a contract lease or having accommodation held in the name of a nominee or trustee, and having inherited property.
  • The purchase price may not be less or substantially less than the gross value of the property as sold.
  • The purchase price must not exceed £450,000

It should be noted that a person with Licensed (formerly known as j-category) status cannot qualify for any first time concession and that where a purchase is being made jointly, both parties must satisfy the criteria.

Click here for the First Time Buyers Calculator.

Concessionary rates are also available to first time buyers of leasehold accommodation. For more information click here.

The information and expressions of opinion contained in this guide are not intended to be a comprehensive study or to provide legal advice and should not be treated as a substitute for specific advice concerning individual situations.