Criteria as of 1st December 2022
|Property Price||Maximum property value of £190,000.|
|Location||We will purchase existing and new build properties anywhere in Northern Ireland.|
|New builds||Basic ‘turnkey’ packages are acceptable. You must declare any incentives you are offered. We may not agree to them.|
Properties with PC sums are generally not acceptable.
We will generally not pay for extras in new build property, or for furnishings/moveable fittings in existing property.
New properties must have a suitable 10-year structural warranty.
|Warranties||Properties under 10 years old must have the balance of their original 10-year structural warranty.|
|Deposits||If all or any part of the property deposit comes as a gift from a friend or relative, we can count it towards your starter share. With your application, you must provide confirmation from the person making the gift, stating the amount and purpose.|
|Energy Performance||We recommend you look at the Energy Performance Certificate (EPC) for your chosen property. An EPC contains information about a property’s energy use and typical energy costs and gives recommendations about how to reduce energy use to potentially save money. To read the Co-Ownership guide to EPCs please click here.|
|Suitability||You must satisfy yourself that your chosen property meets your needs in its current format without requiring immediate and major alterations/upgrading.|
|Property type||Sorry, but we don’t accept:|
To find out more go to the ‘What type of property can I look for’ section on our website.
|Service charges||A service charge is the amount you pay towards the upkeep of any common or shared areas relating to a house or an apartment. It should be reasonable for the services provided. Service charges for a house will be less than for an apartment. All service charges must be affordable for you. We would expect that a service charge for a house would be usually no more than £200 per year and an apartment would not usually be more than £1,000 per year. If the proposed service charge will be more than this please contact us.|