News
Top property price now £150,000 and shares available from 40%
Monday 2 October 2006
More homes for more people who can now afford them - announcing a major new package to give local buyers more for their money.
Alan Crowe, Co-Ownership's Chief Executive, warmly welcomed today’s announcement by the Minister for Social Development, David Hanson MP, increasing the property value limits for Co-Ownership.
"I am confident that, building on the measures introduced by the Minister earlier this year, we are now offering an affordable package that is tailor made for our local housing market.
Effective immediately the property price limits for Co-Ownership are rising across Northern Ireland – in many areas rising by £35,000 – the new top property price is now £150,000 in most areas.
This means that buyers earning £15,000 or less are now back in play for properties right up to our new maximum of £150,000.
Added to this buyers can now start off with a 40% share - helping a lot of people who’d been priced out of the market.
And there’s still only £250 needed upfront to cover valuation and legal package fees."
