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When everyone has a home

Housing advice for Northern Ireland

help to buy

CORONAVIRUS UPDATE

There are a few different schemes that may be of assistance if you are planning to buy a home in the near future. These include shared ownership schemes, where you part buy and part rent, a rent to buy scheme that will pay you a rebate on some of the rent you’ve paid and government backed savings schemes which will give you a bonus to add to your deposit.

These calculators will help you work out what you can afford to borrow, what your stamp duty will be and how your payments will change if the interest rate increases.   

Shared ownership schemes allow someone to own a portion of a property and to rent the remainder from a housing association. For years, Co-Ownership Housing has been the best known scheme for people who want to buy a home but who cannot afford to purchase 100% of the property they’re interested in.

The government’s Help to Buy initiatives include access to mortgages for those people who only have a 5% mortgage and a savings bonus scheme for people saving towards a deposit on their first home.

If you are interested in buying a new build home, but don't have enough money saved up for a deposit yet you should look into the Rent to Own scheme for Northern Ireland. It gives potential purchasers a three year tenancy of a new build property and then issues a 20% rent rebate to the tenant if the tenant decides to buy the property at the end of their tenancy.

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