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Buying your home

Tenant Incremental Purchase Scheme 2016

From 1st January 2016 existing tenants of Clare County Council have an opportunity to purchase their homes through an Incremental Purchase Scheme introduced under Part 3 of Housing (Miscellaneous Provisions) Act 2014

There are a number of pre requisites which households must meet including :

  • Tenants/joint tenants must have minimum reckonable income of €15,000 per annum.
  • Reckonable income must come mainly from regular employment and not solely from social welfare
  • Applicants must be receipt of social housing support for minimum period of 1 year
  • Applicants must not be disqualified from Purchase as result having purchased before
  • Applicants must have satisfactory rent record, and all charges upto date [i.e. Water charges etc]
  • Houses must be available for sale and not restricted as in past schemes [i.e.not houses specifically reserved for elderly, transitional , traveller accommodation, in interests of estate management etc

For income between €15,000 and €20,000 tenant purchase discount will be 60% of Purchase price and an Incremental Purchase Charge of 60% will apply to house and be reduced by 2% per annum over 30 years

For income between €20,001 and €29,999 tenant purchase discount will be 50% of Purchase price and an Incremental Purchase Charge of 50% will apply to house and be reduced by 2% per annum over 25 years

For income over €30,000 tenant purchase discount will be 40% of Purchase price and an Incremental Purchase Charge will apply to house and be reduced by 2% per annum over 20 years

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Content Last Updated/Reviewed: 09/03/16