With FairShare you can opt to buy a starter share of a property between 50% - 90%.
The results displayed for monthly mortgage payments assumes a constant interest rate in Years 1 - 5.
Actual mortgage interest rates and deals available to applicants will be determined by the lenders.
FairShare Monthly Rent
FairShare annual rent charged in Years 1 & 2 is equivalent to 1% of the FairShare Value.
FairShare annual rent charged in Years 3 & 4 is equivalent to 1.75% of the FairShare Value.
FairShare annual rent charged in Year 5 and onwards is equivalent to 2.5% of the FairShare Value.
(subject to annual review).
Important FairShare notice
FairShare rents are changing from 1st May, 2018
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.