Latest News Headlines
On-Air Now
Listen Live
Facebook

DoI pilots mid rent scheme to help first-time buyers

Wed, 11 Jul 2018


A scheme aimed at helping Manx residents save a deposit for their first home has been launched in Colby.

The Department of Infrastructure is piloting a mid rent scheme on five Department-owned properties in the area.

The scheme allows tenants to rent a property at around 20% below market rate, making it easier to save a deposit for a home.

Five two-bedroom properties at Cronk Cullyn will be included in the pilot, but the DoI will add more properties in the future if the scheme is successful.

To be eligible for the scheme, residents must have lived on the Island for the last five years and not owned a property before.

More information and details of how to register for the scheme can be found on the Government's website.


Bookmark and Share

 

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed