What type of property can I look for?

We want you to be comfortable in your new home and for it to meet your needs.

You may want to think about practical things that are important to you such as; the amount of living space you want, if there are stairs in the home, the location of bathroom(s), whether you want a garden and the energy efficiency of the home.

Other things useful to know:

  • We will buy existing and new build properties anywhere in Northern Ireland up to a maximum value of £175,000.
  • We recommend you look for a property with a relatively good energy performance rating. Ratings range from `A’ to `G’ with `A’ being the most efficient and `G’ being the least.  Properties with a higher rating are likely to have lower fuel bills.
  • As the property should meet your needs now, it shouldn’t need any immediate upgrading or major alterations. For that reason we don’t buy properties that will require a substantial amount of work to be done to them.
  • We don’t buy one-bedroom apartments.

You can read more about our property criteria by clicking here.

Suitable properties

 Properties with conventional construction and modern timber-frame construction are generally suitable while properties with non-traditional or unconventional construction may be suitable but will depend on individual circumstances.

Click here to view some examples of properties that are not suitable for purchase and examples of where further investigation would be needed before a decision could be taken either way.

As this will be your home, you are responsible for ensuring you have buildings insurance and any other insurance you think necessary, e.g. contents insurance.

Minor and major issues within the valuation report

Minor issues are ones that you will be responsible for addressing once you move in, it’s important that you take time to understand what is required and complete these. Major issues are more significant and, depending on the extent of these, might mean that this home is unfortunately not suitable for a Co-Own for Over 55s customer. In the case of major defects, we ask the vendor to resolve these and provide us with evidence that they are completed satisfactorily and unfortunately this can take time.

Now that you have read about what type of property you can look for, we recommend that you read about our property criteria. To find out how much you could afford with Co-Own for Over 55s visit our calculator. If you have any questions give us a call on 028 9032 7276