FairShare rent is currently set at 1% per annum for the first two years; 1.75% per annum for years three and four; and 2.5% per annum from year five onward (subject to annual review). All new applications received from 1st May 2018, will be subject to a flat rate FairShare rent, set at 2.5% per annum from year 1 onward (subject to annual review).
The eligibility criteria for the type of properties which may qualify for help under the Fairshare scheme have changed. From 12th April 2018, only new-build properties will be eligible for the FairShare scheme.
Buy a share of a property that you can afford - between 50% and 90%. Pay rent at well below market value on the rest. Buy further shares of your home as and when you can afford to.
FairShare can unlock the door to the dream of buying a home. If you have found the ideal home but cannot afford to buy it outright, FairShare could be for you.
6 Cromac Place,
0300 123 1191
FairShare is a shared ownership scheme for Northern Ireland. FairShare allows homebuyers who cannot afford to buy a property outright, to buy a share of a new-build property directly from a housing association and pay rent on the rest.