Javascript is vital for the advanced features in this website such as Property Search. Please enable or upgrade your browser
  • Facebook
  • 15 Eglinton Street, Portrush, Co. Antrim, BT56 8DX
  • Here 7 Days a Week

Help to Buy a Home

Posted on 03 February 2017
Help to Buy a Home

If you are planning to buy a home in the near future, there are a few different schemes, created by the government, that may be of assistance. These include:
Shared Ownership Scheme where you part buy and part rent.
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. Recently, a new shared ownership scheme called FairShare started operating in Northern Ireland. This scheme allows people to partner with a housing association to buy a property.
Rent to buy scheme that will pay you a rebate on some of the rent you’ve paid.

If you are interested in buying a new build home, but don't have enough money saved up for a deposit, you should look into the new Rent to Own scheme for Northern Ireland. This scheme 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. This rebate must be used to pay part of the deposit required to purchase the property.
Government backed savings scheme which will give you a bonus to add to your deposit.

If you are saving to buy your first home, you can save in a Help to Buy ISA and the Government will boost your savings by 25%. So, for every £1,000 you save, you will receive a government bonus of £250. The maximum government bonus you can receive is £3,000. 

If you need any further advice about the best way to purchase your new home, check out the Northern Ireland Housing Advice website at or HM Government Help To Buy website at