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Buying your home through Co-Ownership

Updated: 18 Nov 2018
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Co-Own is a shared ownership plan. Choose your home, buy as much as you can and co-ownership help you with the rest
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Co-Own is a shared ownership plan  to make house buying more affordable. You buy the share you can afford now and Co-Ownership covers the rest. You pay the mortgage on your bit and pay Co-Ownership rent on their bit. When you’re able to, you can increase your share in your home bit by bit until you own it all.
Co-Ownership is a not for profit organisation that has helped over 27,000 people into home ownership since 1978.

Who can buy through Co-Ownership?

Co-Own is open to anyone who wants to buy a house but, for whatever reason, is unable to at the present time. The majority of Co-Owners are first time buyers but people who have owned a house before can also apply.

What kind of home can I buy?

You can choose a new build or existing property anywhere in Northern Ireland up to a maximum property price of £165,000. Properties with conventional construction and modern timber construction are generally suitable.

What happens after I move in?

If it’s your plan to eventually fully own your home, it’s best to start as soon as you’re financially able to. You can buy more shares of your home in 5% chunks or higher percentage blocks, or you can buy the full amount out at any time.
The majority of Co-Owners buy their property, but there is no requirement to increase your share at all.

How can I find out more?

You can visit the Co-Ownership website at www.co-ownership.org  for full details or call 028 9032 7276  Monday to Friday 9am - 5pm.
Remember that purchasing a home is one of the most important decisions you will ever make, so please seek professional advice before making a commitment.