First-time property buyers in the Island are being offered advice on financial assistance available from government, at a forthcoming series of open days.
Sessions will outline how to purchase a property through two shared equity schemes introduced last July, which replaced the former House Purchase Assistance Scheme.
If an applicant meets the eligibility criteria, the department can offer assistance up to 30% of the value of the property.
Information at the open days will cover eligibility for financial assistance, how the two shared equity schemes work and details on the homes currently being built.
A number of first-time buyer properties are currently being developed in Castletown, Colby, Port Erin, Peel, Ramsey and Douglas, with a price cap of £160,000.
These will be available as approved properties under the First Home Fixed Scheme.
Alternatively, First Home Choice caters for those looking to purchase a property for up to £190,000 on the open market.
Staff from the Department of Health and Social Care’s Housing Team will be on hand to provide information and guidance between midday and 7pm on the following days:
Thursday 19 February at Ramsey Town Hall, Wednesday 25 February 25 at Port St Mary Town Hall and Wednesday 18 March 18 at the Corrin Hall in Peel.
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