Buying your own home is a huge financial commitment. It's important that you do your research and fully understand your options before you commit to anything. If you can't afford to pay the full purchase cost of a property you might be able to part buy and part rent the property with the help of Co-ownership Housing Association.
Areas with large numbers of houses in disrepair can be vested by the government. In Northern Ireland this work is normally done by the Housing Executive. This means that owners of these properties are legally required to sell them to the Housing Executive. The Housing Executive will buy these properties at their current market value and redevelop the area for social housing.
Most tenants pay a security deposit when they move into a property. This is the tenant's money and should be returned at the end of the tenancy unless the tenant owes the landlord money. The deposit should be returned in full unless the landlord has suffered a genuine financial loss as a result of your actions. If your landlord has unfairly kept some of your deposit you should try to get this money back.
Property sales are either on a leasehold or freehold basis. When you buy a freehold property you own the property and the land it sits on. If your property is a leasehold property you’ll have to pay an annual charge, known as ground rent, to the person who owns the freehold.