Buying your first home is one of life’s most exciting milestones and on the Isle of Man, it may be more achievable than you think. With beautiful surroundings, strong communities and a stable market, it’s a fantastic place to start your homeownership journey.
Step 1: Know your budget
Review your income, savings and expenses, then speak to a mortgage advisor to explore borrowing potential. Many lenders offer first-time buyer deals with lower deposits or flexible repayments.
Step 2: Explore the First-Time Buyer Scheme
The Isle of Man Government’s First-Time Buyer Scheme can help with deposits, fees and access to affordable homes (eligibility criteria apply). Not eligible? Don’t worry, there are still plenty of options, and we’ll help you explore them.
Step 3: Choose the right location
Think about lifestyle, commute and amenities. Many families are drawn to areas where homes offer good value without compromising on local amenities, access to schools and a strong community spirit.
Step 4: Understand the costs
Beyond the purchase price, budget for legal fees, surveys, Land Registry fees, moving costs, and ongoing maintenance.
Step 5: Lean on local experts
From mortgage advisors to surveyors, working with trusted professionals makes the journey smoother. At Koops & Co, we’ll guide you from first viewing to final key handover. Your first home isn’t just a purchase, it’s the start of a new chapter. Let Koops & Co help make it simple, memorable, and truly yours.
