Partial Ownership

Partial Ownership is a new form of tenure in Alderney designed to make home ownership more affordable to local first time buyers who would otherwise be unable to purchase their own home.

Purchasers buy a percentage of the property, between 40% and 80% of the home. The remainder of the value (equity), of the home is held by the Association on which there is a discounted rent charged.

The purchasers can buy an initial % and then at a later date purchase additional shares up to a maximum of 80%.

The purchasers buy the homes on a 125 year lease.

This tenure is aimed at local people who earn too much to be a priority for rented accommodation but too little to be able to buy on the market. See the partial ownership leaflet in the library section of our website for more details.

Partial Ownership Policy can be downloaded from the Library or here:pdf icon Partial Ownership Policy [653kb]