The Guernsey Housing Association (GHA) is inviting the public to view several properties at its newly completed Warry’s development off the Grand Bouet.
The homes are part of the GHA’s partial ownership scheme, which is a form of tenure that allows first-time buyers to purchase between 40 and 80% of a home, with the remaining equity being held by the GHA and rented to the occupant at a discounted rate. The scheme is designed to help those who may not be able to purchase their own home otherwise.
The 20 properties at Warry’s have already been allocated so are not available, but a one-bedroom apartment, two-bedroom house and two-bedroom bungalow are open for public viewing.
If anyone is interested in the first-time buyer partial ownership scheme they should complete the GHA’s application form which is available at www.gha.gg or by calling 245530. If they are eligible they will be placed on a waiting list; the waiting time to be allocated a property has reduced and is around two years depending on the type of property and location required.
Steve Williams, chief executive of the GHA said “Partial ownership is a great way of helping first-time buyers in Guernsey who cannot otherwise afford to buy in the local housing market get on the property ladder.
“Warry’s is just our latest development and we are building even more partial ownership homes. We also have homes sold back to us every year as people move up the ladder and out onto the regular housing market. These properties are then sold by the GHA to new buyers from our list.
“Our properties are built to a high standard and we invite the public to join us on Saturday morning to take a look around three properties to see what we offer, learn more about partial ownership and chat to our team.”
The open morning takes place on Saturday 9 June between 10 am and 12 pm at the old Warry’s bakery on the Grand Bouet. There is parking on the development for 40 vehicles but the GHA would encourage those interested to try to minimise car use.