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rent to buy northern ireland

If you wish to check on a problem or fault you have already reported, contact DfI Roads. For queries or advice about Penalty Charge Notices (PCNs), including parking tickets and bus lane PCNs, email [email protected] A Rent to Own tenant doesn't own their home. This should work out at around five per cent of the property value at that time, to use as a deposit against a mortgage. For queries or advice about historical, social or cultural records relating to Northern Ireland, use the Public Record Office of Northern Ireland (PRONI) enquiry service. You will have to pay a £100 non-refundable assessment fee. We’ll give you a 20% refund of the rent that you have paid which can be used as a deposit for your mortgage on the property. So if you are looking to buy or rent a new home in NI, County Antrim , Armagh , Derry/Londonderry , Down , Tyrone , Fermanagh or Belfast , … The nidirect privacy notice applies to any information you send on this feedback form. You must be aged 13 years or older - if you’re younger, ask someone with parental responsibility to send the feedback for you. Co-Ownership will be responsible for carrying out repairs to the property. Co-Ownership will use market rates to set a fair rent for the property. is ready to occupy now or in the near future, is not a one bedroom property or an apartment. The scheme is designed for a 3 year period, to put tenants in a position where they will have a sufficient lump sum amassed to enable them to purchase the property. You choose to rent a new build house anywhere in Northern Ireland (up to the value of £165,000) for up to 3 years whilst taking steps to improve your mortgagability. You may also want to consider opening a Lifetime ISA if you are planning on purchasing a home soon. This scheme gives people an opportunity to move into a new build home as private tenants with an option to purchase the property. To buy a property or become a Rent to Own tenant, you need to show that: How do I Rent to Own sets out the criteria you need to meet to become a Rent to Own tenant and should be read before making an application. Only certain people and certain properties will be eligible for this scheme. This rent will not increase during your tenancy. Simply put, you choose the property, we buy it, you rent it and then buy it from us! While you rent the property you will remain a tenant and will have no ownership rights. For queries or advice about employment rights, contact the Labour Relations Agency. At the end of the tenancy, you can buy the property from us at its current market value. If your query is about another benefit, select ‘Other’ from the drop-down menu above. Allows you the time to address your eligibility issues while living in the house that you want to make your home. Don't include any personal or financial information, for example National Insurance, credit card numbers, or phone numbers. If you have a comment or query about benefits, you will need to contact the government department or agency which handles that benefit. An adviser will then get in touch with you to make sure that Rent to Own is right for you. You choose to rent a new build house anywhere in Northern Ireland (up to the value of £165,000) for up to 3 years whilst taking steps to improve your mortgagability. You will need to arrange a mortgage and may need to save additional money to put towards your deposit. If your query is about another topic, select ‘Other’ from the drop-down menu above. Contacts for common benefits are listed below. Are you receiving help with your mortgage interest payments? If your application is successful you will have to pay Co-Ownership a £2,500 down payment. We will not reply to your feedback. ask this scheme to adjudicate if you believe that any of the deductions were unfair. You get your down payment back, your holding fee and £20.00 refund for every £100 paid in rent. For queries or advice about Child Maintenance, contact the Child Maintenance Service. If you wish to report a problem with a road or street you can do so online in this section. You pay a market rent, the same amount every month for three years,with an option to buy any time after the first year. if(window.da2a)da2a.script_load(); Find property in Northern Ireland. You can use it to report a problem or suggest an improvement to a webpage. A tenant who elects to buy after renting for 3 years at a monthly rent of £500 and a tenancy deposit of £500 should receive £6,600 to put towards the purchase of the property. This will be at least the price we paid for it. If you have a question about a government service or policy, you should contact the relevant government organisation directly as we don’t have access to information about you held by government departments. For queries or advice about  60+ and Senior Citizen SmartPasses (which can be used to get concessionary travel on public transport), contact Smartpass - Translink. This government-supported scheme is managed by Co-Ownership. Your deposit will be protected with an approved scheme, and you can ask this scheme to adjudicate if you believe that any of the deductions were unfair. Only one of these is backed by the government. are working, including temporary work, or are self-employed, manage your money well and can afford the rental payments on the property. Easy! has a turnkey finish but does not include any extras or add ons to the builder’s basic specifications. how long you’ve been renting the property. Only one of these is backed by the government. This money will be added to your down payment and your tenancy deposit giving you a useful lump sum that can be used to cover some of the deposit you’ll need to buy the property. Our aim is to get those who want to own their own home, but aren’t quite in the position to buy yet, on the first step of the property ladder. Share this page Co-Ownership will be your landlord while you are a tenant in the property and will be responsible for paying rates, service charges and any ground rent associated with the property. This government-supported scheme is managed by Co-Ownership. As long as you've kept to the terms of your agreement with Co-Ownership, you will receive 20% of the rent you’ve paid back if you decide to buy the property. However, if your circumstances change for the better before the three years are up, you may apply to buy the property at any time after the first year. If you do not keep to the terms of your tenancy agreement, Co-Ownership may seek to terminate your tenancy earlier than this. A number of companies in Northern Ireland provide “rent to buy” schemes. How do I Rent to Own sets out the criteria you need to meet to become a Rent to Own tenant and should be read before making an application. Follow us on Facebook to see our latest news, customer stories and upcoming events! For queries or advice about pensions, contact the Northern Ireland Pension Centre. Rent to Own is a scheme to help people who can't buy their home now but want to buy their own home in the future. Our rent to buy scheme is an innovative way of buying your dream home in today’s difficult property market. do not qualify for a mortgage to purchase a home outright. Tenants live in the property for a maximum of three years under a fixed term tenancy agreement before either buying … There are a lot of benefits of Rent to Own: Rent to Own is brought to you by OwnCo Homes Limited, a subsidiary of Northern Ireland Co-Ownership Housing Association. If you continue to use this site we will assume that you are happy with it. If your circumstances change and you no longer want to buy or are no longer in a position to be able to take on a mortgage, you will have to leave the property at the end of your three year term. Your rights will be set out in your tenancy agreement, in your rent book and you will also be protected by the provisions of the Rent (NI) Order 1978 and the Private Tenancies (NI) Order 2006 as well as other pieces of legislation which protect private tenants in Northern Ireland. Where a tenant decides to buy the property, Co-Ownership will pay the lump sum directly to the solicitor who is handling the purchase of the property on the tenant’s behalf. After this period, you can apply to buy the property. You may be eligible for the scheme if you, Co-Ownership will consider purchasing properties through this scheme as long as the property. Depending on the best fit for your circumstances at the time, you can buy your Rent to Own property through a mortgage or through Co-Own. If you cannot get a mortgage to purchase the property at the end of the three year term, Co-Ownership may consider porting your lump sum towards the purchase of another property. We have thousands of Houses for sale and to rent in Northern Ireland including hundreds of new homes for resale and rental are added every day. For queries or advice about careers, contact the Careers Service. You can purchase the property from us any time after the end of the first year, up to the end of the third year. You can buy the property at any point after your initial one year tenancy, but the longer you wait the larger your rent rebate will be. You pay a tenancy deposit (equal to one month’s rent) plus a down payment of £2,500. Don't include any personal or financial information, for example National Insurance, credit card numbers, or phone numbers. When you buy your Rent to Own property, the price will be the market value at that time. The tenant has an option to buy at the end of a three-year fixed term. You will receive your full down payment back from Co-Ownership and should receive your deposit back, minus any deductions for rent owed or damage caused to the property during the tenancy. For queries or advice about passports, contact HM Passport Office. This scheme gives people an opportunity to move into a new build home as private tenants with an option to purchase the property. For queries or advice about rates, email:[email protected], For queries or advice about property valuation, email:[email protected], For queries or advice about land registry, email:[email protected], For mapping queries, email:[email protected] For queries or advice about claiming compensation due to a road problem, contact DFI Roads claim unit. Call 0800 587 0912Email [email protected], Call 0800 587 2750 Email [email protected], Call 0800 587 0912 Email [email protected], Contact your local Jobs & Benefits office. 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. This feedback form is for issues with the nidirect website only. Check out our FAQs for more information. Simply put, you choose the … Comments or queries about angling can be emailed to [email protected] Rent to buy 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. The scheme will match people who have a reasonable prospect of benefiting from the scheme with properties that should be affordable for them at the end of their three-year tenancy term. It will help you to build a deposit for your mortgage. They are a tenant with a tenancy agreement. [CDATA[//>

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