News
Applications draw on 3 June 2009
The draw for the quota of 65 Co-Ownership applications during the month of June took place earlier today.
Draw system announced for applications quota
Due to the continued high levels of first time buyer interest in Co-Ownership Housing the scheme has announced a draw system for aspiring first time buyers hoping to make the June 2009 Co-Ownership applications quota.
New range of starter shares for homebuyers
There are now 9 starter share options ranging from 50% to 90%.
This extra choice applies to all applications received on or after 1st April 2009 and brings buying a home with Co-Ownership into line with the 5% options already available when staircasing.
Ulster Bank backs no deposit mortgages for Co-Ownership
Ulster Bank announced on 16 February 2009 its commitment of £50 million for Co-Ownership mortgage lending.
Mike Bamber Chief Executive Retail Markets at Ulster Bank Group said:
“Co-Ownership is widely recognised as a very important vehicle for providing access to the housing market in Northern Ireland and, as such, is considered a necessary element of the housing mix. We are making this commitment to help ensure that the large demand for Co-Ownership can be satisfied. We expect hundreds more people to be able to avail of the scheme as a result.”
