Who is Co-Ownership for?
If you live in Northern Ireland and can afford part but not all of a home, shared ownership could be the solution that helps you buy your own home.
Co-Ownership is designed for people in Northern Ireland who have a steady income and can afford monthly payments, but are struggling to save for a deposit within a reasonable time or afford a full mortgage.
If you’re ready to buy but need a more affordable way to do it, we could provide the support and flexibility to help you take that next step. We've been around since 1978 and in that time have helped more than 35,000 people become homeowners - people who were once in your position.
Why would you choose Co-Ownership?
We're backed and part-funded by the Department for Communities, to help people who want to buy a home but cannot afford the full purchase price right now.
Many of our customers are first-time buyers, but we also help people returning to home ownership after a change in circumstances, and those who are over the age of 55 wanting to move to a home that suits them better.
You may find Co-Ownership helpful if you:
- have a steady income but rent is consuming the savings you need for a deposit
- are ready to stop renting and want a manageable path to owning your own home
- have been a homeowner before but a life change means you are starting again
- are over 55 and want a home that meets your changing needs
Ultimately, Co-Ownership is designed to be flexible and supportive. It can make home ownership achievable sooner, particularly if saving a deposit or meeting full mortgage requirements is holding you back. By sharing the cost, together we can help you buy a home now that meets your needs, while giving you the option to grow your share - right up to full ownership - in the future.
How do you know if Co-Ownership is right for you?
To understand whether shared ownership is an option for you, we provide a range of helpful tools that show you what buying with Co-Ownership could look like based on your income, deposit and other factors.
- Start with our eligibility checker
- Then try our affordability calculator
- And then our repayments calculator
These tools combined give you an idea of our costs and criteria.
And when you want to know more about how to apply, take a look at our step-by-step process for buying a home, with details of what happens at each stage - from submitting an application through to getting the keys to your home.
Interested in applying?
Use our eligibility checker to confirm whether Co-Ownership is likely to be a good fit for your circumstances. It takes a few minutes, requires no commitment, and will not affect your credit score.
Check your eligibility now
Fees, costs and rent
Find out about the types of fees we charge and what they cover, the amount of rent you could be paying each month and other costs you should consider before becoming a homeowner.
Learn more about costs involvedWe're happy to help
Our team is available to offer support and guidance at every stage - regardless of whether you're thinking about Co-Ownership or are midway through your application.
