Consultation seeks feedback on changes to IOM first time buyer schemes

Proposals include adjusting thresholds and reducing residency requirements

A public consultation has been launched into proposed changes to Government's first-time buyers schemes.

The Shared Equity Assistance initiatives are designed to help people get their foot on the property ladder.

Proposed changes are designed to ensure they remain sustainable and responsive to prevailing housing market conditions.

Changes include adjusting the thresholds and introducing discounted purchase prices to reflect changes to economic data and also introducing index-linking to the income thresholds. 

There's also a proposal to extend interest-free periods and increase equity loan assistance under the Choice Scheme to support market access, as well as reducing residency requirements to improve access and allowing earlier access for people who have recently settled in the Island and are committed to staying here.

The closing date for submissions is 15 January 2026. 

You can find out more here.