Who and What is Co-Ownership

• Northern Ireland Co-ownership Housing Association Limited (Co-Ownership) is a not-for-profit organisation that helps home buyers take their first or next step on the property ladder.
• Co-Ownership is a government backed initiative that helps people acquire a property in Northern Ireland.

How does it work?

• Co-Ownership helps you get on the property ladder by allowing you to buy a share of your chosen property rather than buying it all at once. You will buy the share of your chosen property that you can afford and Co-Ownership will buy the remaining share – We can help with the purchase of your share of your chosen property.
• You will pay a discounted rent to Co-Ownership for their share of your chosen property.
• Co-Ownership is available to first time buyers and previous home-owners (i.e. people who have owned but no longer own any land or property).
• We can also help with remortgaging your share of an existing property purchased through Co-Ownership;
• Depending on your affordability, you can choose to purchase a property up to a maximum house price of £195,000.
• Should you wish to increase your share of the property, you can buy more shares in your home at a minimum of 5% (subject to affordability), this is known as ‘Staircasing’.