Tenants allowed to buy home share

Social housing tenants can now apply to buy a share in their home, Social Development Minister Margaret Ritchie has announced.

Previously, social housing tenants could only buy their home in a one-off 100% lump-sum payment.

However, eligible tenants, who must have had a five-year tenancy, can now purchase an initial stake of 25%.

These new owners will then be able to purchase up to 100% of any given property in increments of 5%.

A discount of up to