Co-Own property criteria

Property criteria as at 1st December 2022

Before you apply to Co-Own we recommend that you read our property criteria listed below.

Area	Criteria
Property price	Maximum property value of £190,000.
Location	We will purchase existing and new build properties anywhere in Northern Ireland.
New builds	Basic ‘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.
Warranties	Properties under 10 years old must have the balance of their original 10-year structural warranty.
Deposits	We do not require a deposit, but some lenders do. Check out the Help & Support section of our website for a current list of Co-Own lenders. If 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 Performance Certificates	We 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.
Types of property	Sorry, but we don’t accept: One-bedroom homes. Architect certified properties. Properties that require more than £5,000 of work to resolve defects. Properties with no central heating. Properties with non-standard or unconventional construction.