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Am I eligible?

Am I eligible?

Before completing the application form, you must see if you meet the eligibility criteria.

You must:

  • be a locally qualified resident of Guernsey and living in Guernsey
  • be over 18 years old
  • have minimum savings of £2,500 (1 bed,) £3,000 (2 bed) or £3,500 (3 bed) to cover the legal and mortgage fees
  • be able to purchase, with earnings and/or savings, at least 40% of the property.*
  • be able to satisfy the GHA that you are unable to afford to purchase a suitable property on the local housing market.

 Please read the Partial Ownership Policy as it contains more information.

Partial Ownership Policy

How much money do I need to afford a property?

Applicants must be able to finance the minimum percentage of a partial ownership property. The minimum annual income requirements are:

Property required

Minimum income required

1 bedroom

£24,000 per annum*

(based on purchasing a 1 bedroom partial ownership property  valued at £240,000 in February 2018)

2 bedroom flat

£27,500 per annum*

(based on purchasing a 2 bedroom partial ownership flat valued at £275,000  in May 2018) 
2 bedroom house

£34,500 per annum*

(based on purchasing a 2 bedroom partial ownership house valued at £345,000 in February 2018)

3 bedroom property (with a flat below and limited parking)

£33,500 per annum*

(based on purchasing a 3 bedroom partial property valued at £335,000 in January 2016)
3 bedroom house

£37,000 per annum*

(based on purchasing a 3 bedroom partial ownership house valued at £370,000 in April 2017)
4 bedroom house

£41,250 per annum*

(based on purchasing a 4 bedroom partial ownership housevalued at £412,500 in March 2017

 *Please note these above limits only apply to applications received on or after the 14 June 2018. All previous applications will adhere to the previous limits.

What is the maximum income I can earn to go on the waiting list?

Applicants must have a sole or joint income of less than:

Property Required

Maximum Income Threshold

1 bedroom

£46,000 per annum *

(based on being able to borrow a minimum of £230,000 from a mortgage lender to purchase a one bedroom property in the private sector, not taking into account any savings required or outgoings such as loans and credit cards.)

2 bedroom

£54,000 per annum *

(based on being able to borrow a minimum of £270,000 from a mortgage lender to purchase a two bedroom property in the private sector, not taking into account any savings required or outgoings such as loans and credit cards.)

3 bedroom

£69,000 per annum *

(based on being able to borrow a minimum of £345,000 from a mortgage lender to purchase a three bedroom property in the private sector, not taking into account any savings required or outgoings such as loans and credit cards. )
4 bedroom

£73,000 per annum *

(based on being able to borrow a minimum of £365,000 from a mortgage lender to purchase a 4 bedroom property in the private sector, not taking into account any savings required or outgoings such as loans and credit cards. )

 *Please note these above limits only apply to applications received on or after 14 June 2018. All previous applications will adhere to the previous limits.