House deposit scheme

2nd September 2013

Housing minister, Dave Jones, says the department is investigating introducing grants to islanders who can afford mortgage repayments but are struggling to save enough money for a deposit.

The States of Jersey has already introduced a similar scheme and the UK Government has a Help-to-Buy home ownership scheme for new-build houses that will be extended to other types of housing from 2014.

Second-homes and buy-to-lets are not eligible but such a scheme in Guernsey would be a welcome boost to the housing market and the many people trying to secure their own home.

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