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When everyone has a home

Housing advice for Northern Ireland

help to buy

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.   

A number of companies in Northern Ireland provide “rent to buy” schemes. Only one of these is backed by the government. This government-supported scheme is managed by OwnCo Homes, a private subsidiary of Co-Ownership Housing Association. This scheme gives people an opportunity to move into a new build home as private tenants with an option to purchase the property.

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 new Rent to Own scheme for Northern Ireland. This scheme is run by OwnCo Homes, a subsidiary of NICHA. It gives potential purchasers a three year tenancy of a new build property and then issues a 25% rent rebate to the tenant if the tenant decides to buy the property at the end of their tenancy.

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