The shared arrangement of property is the people aimed in Ireland which cannot have the means of buying their whole house in one go. It enables you to buy a proportion of your house to start with, increasing this proportion in the stages until you had all the house. 

While you buy part of your house, the property are divided between yourself and the local authority and you carry out the payments on a mortgage for the part which you have and pay the rent with the local authority the other part ata rate of 4,3%.

Once that you were approved in theory for the property shared by the local authority, you can start to seek a news or existing house or to build a new house. Your local authority can also have houses for sale under arrangement with a discount of commercial value. The house must be appropriate for your needs, certain standards minimum of gathering and seem acceptable with the local authority.

If the local authority considers that you can allow refunding of mortgage and the rent, it will buy house/apartment and a shared hiring of property will grant to you.