Tenant Purchase Scheme ends on December 31st – Feeley

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 Cavan County Council as soon as possible.

‘The 1995 Tenant Purchase Scheme will end on the 31st October 2012.
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.’

Councillor Feeley, noting that tenants would already have received
communication from the Housing Office should not delay but act