Council House buy out.

[showmedmoney]

Hello all,

Last year a friend of mine was given a 3 bedroom council house in kildare (jan 05).as she is a single parent with 2 children.

She is soon to finish her degree and hopes to start full time employment in Jan 07'.

her question is how does she go about buying out the house.
is there normally a certin time frame i.e from movin to buy out?
does the rent paid up to this point reflect in the buy out price?
is the house price set at current market prices or original cost price?

if anyone had any info on this it would be greatfully received.

thanks

 

[bearishbull]

does she expect to get it at a discount to market rate?? i might go back on socialwelfare get a council house and return to do a masters and then buy the council house cheap,but im not a woman with child so i wont get anything .

 

[Kluivert]

You first get the council house valued by the council.

There is a 3% discount for each year that she has been a tenant to a max of 10 years.

I think there is a further 3k discount as well.

All info is available from her local council.