Samares Nurseries

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Update – 13th December 2018

To provide a brief update, the deadline date to submit any purchasing interest to this development has now passed and we are no longer accepting any further applications. In total, we have received purchasing interest from 141 applicants and are now gathering all client information to understand each persons circumstances and financial position. We will make best efforts to have further updates towards the end of December 2018, however it is likely that the volume of work to complete this review will result in our next update being sent out in January 2019.

Finalisation of the phased handover of the site is nearing completion and current plans indicate that 15 homes will be ready for sale in October 2019, and the next 25 homes will be complete in August 2020. We will hopefully have this confirmed within our next update.

To confirm, we will send updates to all applicants who registered purchasing interest.

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We are pleased to advise that we are offering the sale of 40 three-bedroom houses at this exciting development. Located on St Clement’s inner-road (La Grande Route De St Clement), these 40 properties offer good sized family homes, each with two designated parking spaces and private gardens. The estate will be a mixed tenure set up where these 40 houses will be sold and privately owned as affordable homes, and the remaining 160 properties will be retained by Andium Homes for rental clients.

Samares Estate Plan

Samares Floor Plans

Building works started this year and is anticipated that the first 20 affordable homes for sale will be complete October 2019, and the next 20 affordable homes for sale will be complete August 2020. Therefore, we are now in a position to market and allocate the first 20 properties.

How do we make the homes affordable?

These 20 properties will be sold through our Andium Homebuy scheme, which ensures they are forever affordable. The First Time Buyer Sale Price for these homes will be agreed at the end of this year, but as a guide we will be selling three bedroom at the De La Mare Nurseries site in Grouville for between £460,000 and £475,000 and therefore consider the homes at Samares will be in this region (Subject To Final Valuations). The affordable price of these homes will be calculated by Statistics Jersey and takes into consideration the amount a family earning an average income could afford. This figure currently sits at £353,000 meaning the purchase will defer £122,000 (assuming a property value of £475,000) of the First Time Buyer Sale Price until the property is next conveyed, which is generally when the property is next sold. This means that the purchaser will only be required to pay 74% of the purchase price, whilst still owning the property in full. The deferred payment value will be held as a charge against the property secondary to the mortgage.

How will these homes be allocated?

Due to the high volume of purchasing demand for family homes, these properties will initially be advertised to family applicants registered on Band 5 of the Gateway. The homes will be allocated to the longest serving Band 5 applicants who also fulfill the allocation criteria below, as set out by the Minister for Housing.

  • First Time Buyer
  • Sole or joint custody of at least 1 dependent
  • maximum gross household income of £80,000
  • mortgage ‘Agreement in Principle’ from a mortgage provider
  • provide an initial refundable reservation fee of £1,000 at the time of ‘Off-Plan’ plot selection (early 2019)
  • provide confirmation of a non-refundable deposit of 5% of the out right First Time Buyer Sale Price in June 2019 (three months before completion). This confirmation must be confirmed by providing documentary proof of funds.

If you think that the criteria detailed above unfairly excludes you from the sales process of these homes, then please be advised that appeals can be made in writing to the Strategic Housing Unit, Department for Strategic Policy, Performance and Population, 5th Floor, Cyril Le Marquand House, PO Box 140, St Helier JE4 8QT.

 

 

 

 

 

 

How will the homes be allocated off plan?

Selection for a plot on the site will be based on the date that the family applicant registered on Band 5 of the Gateway, with the longest serving applicant having first choice, second longest having second choice and so on.

How do I submit any purchasing interest?

All purchasing interest must be submitted by email to samares@andiumhomes.je by 5pm Friday 30th November 2018. We will unfortunately not be in a position to accept any purchasing interest towards these homes once this deadline date has passed.

On submitting purchasing interest please include the following information:

  • Gross household annual income (basic salary not including overtime)
  • Any regular annual bonus
  • If self-employed, please provide net profit for the last 2 years
  • Personal savings information
  • Personal loans and credit cards information (including the monthly repayment amount and remaining term)
  • Income Support information
  • Your family composition

We do not require any documents from you when submitting purchasing interest, and at this stage are content that you merely answer all of the above points in your email.

What is next once purchasing interest has been submitted?

After the deadline date has passed, we will complete an Allocation Review and then respond to the 20 families who are identified as the proposed purchasers. We plan to invite the purchasers to our offices in December 2018 to provide an opportunity to view the property plans and ask any relevant questions to our Sales Team and Construction Team. In January 2019, we will schedule individual meetings with the purchasers where they will be able to select their plot on payment of the reservation fee. Please note that upon payment of the reservation fee, the applicant will become inactive on the Gateway and will no longer be sent any marketing communications regarding properties for sale through Andium Homebuy.

Which mortgage providers are supporting these affordable homes?

Skipton International, Barclays Bank Plc and NatWest International are all currently supportive of Andium Homebuy. We are also hopeful that a fourth mortgage provider will receive the necessary approvals in due course. Any property offer made to an applicant is ‘Subject To Contract’, and subject to that person being able to secure the necessary mortgage in order to purchase a home.

In June 2019, each purchaser must provide confirmation to Andium Homes that they have secured the necessary mortgage ‘Approval in Principle’.

Last modified: 24/09/2018

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From 8:30am Main Number 500700 or Maintenance Line 500799 Calls will be recorded for training purposes.

Opening Hours Monday to Friday 9am to 5pm & Saturday 9am to 1pm
Andium Homes Limited 33-35 Don Street St Helier Jersey JE2 4TQ
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