Property criteria

Criteria as of 1st December 2022

Property PriceMaximum property value of £190,000.
LocationWe will purchase existing and new build properties anywhere in Northern Ireland.
New buildsBasic ‘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.

WarrantiesProperties under 10 years old must have the balance of their original 10-year structural warranty.
DepositsIf 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 PerformanceWe 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.
SuitabilityYou must satisfy yourself that your chosen property meets your needs in its current format without requiring immediate and major alterations/upgrading.
Property typeSorry, but we don’t accept:

  • One-bedroom homes;
  • Architect certified properties or;
  • Properties that require more than £5,000 of work to resolve before purchase issues.

To find out more go to the ‘What type of property can I look for’ section on our website.

Service chargesA 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.