For years, one of the biggest problems on the
Isle of Man has been affordable housing for
the first time buyer. The very success that has
helped the island to become one of the most
respected offshore jurisdictions has been the
cause of first time buyer problems -
affordability. Getting on that ladder has never
been harder, until now.
Creating communities
Creating communities is more than just building houses. You have to consider
everything. Location is of course important, near to schools, shops and
transportation. So too is creating a well balanced environment that entices buyers
from all walks of life. Young families, executives, retiring couples – this mix helps
give a real community feel. So, when we are creating a new development, we
want to create more than just great houses for people to live in, we want to
create a community that people feel comfortable with, a community that allows
you to enjoy your individual lifestyles. A community that lives together in
harmony.
Isle of Man property ladder
So, how can we help you get your foot on the ladder? Two important events have
happened that could help you get your first home. Firstly, interest rates are
currently lower than at any time over the past 50 years, making mortgages more
affordable. Obviously, interest rates can go up too but there are ways you can
safeguard your future by taking out a fixed rate mortgage.
Isle of Man Government First Time Buyer scheme
The second and possibly most important thing that has changed is the Isle of Man's
Government’s first time buyer scheme, designed to help people take that first step on the property ladder.
Subject to Government criteria there are grants available to first time buyers and
the Isle of Man sales team can help you to find out what you may be entitled to.
Buying your first property could be cheaper than renting
With the support of the Government scheme, buying your first
home could work out cheaper than renting, and history has
proven that property is one of the most solid long term
investments you can make.
Aside from the interest payments on the mortgage itself, on a repayment mortgage you are
paying off the loan every month. Just think of the financial
difference between renting for 25 years and buying…
At Dandara, we can not only help you find the perfect
property in the one of our community developments in the Isle of Man but we can
also help you through the Government grant scheme.
What are you waiting for?
That first step on the ladder suddenly isn’t quite
as far as you might have thought!
Find out more
For more information, call in to our Sales Office on Victoria
Street in Douglas. Or fill in the contact form.
Call 01624 615 000
Email: iomsales@dandara.com