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 £190,000.
  • 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 homes.

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 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.
  • If the extent of the works required to resolve either major or minor defects is estimated to exceed £5,000 we believe the home is unsuitable for a Co-Own customer and we would ask you to consider an alternative property. Our intention is to speed up our service and ensure you get a good quality home. Your Approval in Principle for Co-Own is valid for 4 months and you can bring another potential home through once you have sale agreed it.
    In every case, you should remember that the property will be your home so you need to be happy with the price and standard of the property you have chosen.