Co-Ownership is Northern Ireland's shared ownership provider, a not-for-profit regulated and part-funded by the Department for Communities. You can buy more of your home over time, up to owning it outright.
Quick facts
- Your share
- 50% to 90%
- The rest
- Rent paid to Co-Ownership
- Existing homes
- Up to £215,000
- New builds
- Up to £230,000
- Deposit
- Not required by Co-Ownership
- You must
- Be 18 or over and not own property
How it works
You buy a percentage share that suits your budget (between 50% and 90%). You pay a mortgage on your share and a modest rent on Co-Ownership's share. If your circumstances change, you can increase your share, even up to full ownership.
Who can apply
You must be at least 18 years old to apply. You must live in Northern Ireland and have the right to reside here.
You cannot apply if you currently own property or land, including commercial property, or if your name is on any property title in Northern Ireland or elsewhere. If you're married, in a civil partnership, engaged, living together or planning to live together in your new home, you must apply together.
The home
The maximum property value is £215,000 for existing properties and £230,000 for new builds. New builds must have a suitable 10-year structural warranty, and every home must have an Energy Performance Certificate.
Deposit
Co-Ownership does not require a deposit, but some lenders do. If you have a large deposit, or Co-Ownership thinks you could save for one, you may not be suitable.
Over 55
Co-Own for Over 55s helps people aged 55 and over move, for example if an interest-only mortgage is ending or a home no longer suits them, using their equity or savings.
Common questions
How much can I buy with Co-Ownership in Northern Ireland?
A share of 50% to 90%, of a home worth up to £215,000, or £230,000 for a new build.
Do I need a deposit for Co-Ownership?
Co-Ownership does not require one, but some lenders do.
Can I use Co-Ownership if I already own a home?
No. You cannot apply if you own property or land.