The Tenant Purchase Scheme needs to be overhauled, to allow more people to purchase their homes.

That's the view of Mayo FG Senator Michelle Mulherin, who says the scheme offers tenants a reduction of up to 60% on the cost of their home.

However, only one tenant in the Ballina Municipal District bought out their home last year, and Senator Mulherin believes the low take-up is due to the rule that applicants must have a minimum income of €15,000 per annum, and half of that must be from employment.

She says this excludes pensioners who may have savings to buy their house, or applicants on social welfare.

Speaking with Midwest News Senator Mulherin says the current rules mean the Tenant Purchase Scheme is not fit for purpose.

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