Affordable Housing Rent to Buy Scheme

[NorfBank]

Tenants agree a fixed purchase price with the council, and can rent their home for up to three years.
If they opt to buy during that time, some 80 per cent of rent paid will be taken off the price. The other 20 per cent goes on administration.

[broken link removed]

 

[canicemcavoy]

So the price is fixed three years in advance?

 

[queenlex]

So the price is fixed three years in advance?

Seems like it thats the one negative I see really.

 

[anuj21k]

This scheme is already ran by Fingal council: [broken link removed]
And I suppose they are launching it county wide now. Called the council today, they dont have much info. on type of properties available under this (typical). Anyways the link above gives a fair idea.
I for once will be interested in 3 bed properties rather than 2 beds as these will be half there values after 3 year anyways with the amount of properties owned by our saviour NAMA.