Tenant Purchase Scheme ends on December 31

West Cavan Fianna Fáil Councillor, John Paul Feeley has called on all Council Tenants, who may be considering purchasing their homes to contact the Housing Office of the County Council as soon as possible.

West Cavan Fianna Fáil Councillor, John Paul Feeley has called on all Council Tenants, who may be considering purchasing their homes to contact the Housing Office of the County Council as soon as possible.

The 1995 Tenant Purchase Scheme will end on the 31st October 2012 and applications must be with the Council by that date with the sale completed by the 30th June 2013.

In the New Year a new system will be introduced, the details of which will only become available when the new legislation in introduced.

Prospective tenants can benefit from a 3% discount per year of tenancy up to a maximum of 30% of the open market value of the property. The will also get additional 3,180 discount. Purchasers will be responsible for their own legal cost.

“I would urge anyone considering buying out their house to act immediately so that there house can be valued and they can get finance in place to complete the purchase. I know that it is difficult to get money together to buy there own home but this is a good scheme that will allow more people to own their own home. In addition, this scheme is available for all houses not just family homes but those occupied by older people which were not previously offered for sale by the County Council,” he said.