In order to qualify for the concessionary rate as a first time buyer the purchaser must generally satisfy the following conditions:
1. That he is a person to whom Regulation 1(1)(a) to (h) or (n)(ii) of the Housing (General Provisions) (Jersey) Regulations, 1970 applies.
2. That he satisfies the designated officer that he has never previously been entitled to occupy dwelling accommodation wherever situated by virtue of having owned the accommodation. This would apply to having held or owned such accommodation:-
(i) on a contract lease;
(ii) together with any other person;
(iii) having owned shares that confer entitlement to occupy such accommodation;
(iv) any arrangement whereby such accommodation was held in the name of a nominee or trustee or of a company owned by such nominee or trustee for the benefit of the purchaser.
3. The consideration for the sale is not less or substantially less than the gross value of the property as sold.
4. The consideration must not exceed £400,000.
Click here for the First Time Buyers Calculator.
Please also see concessionary rates available to first time buyers of leasehold accommodation under "Leases" click here.