Co-Own - Northern Ireland

What is Co-Own?

Co-Own is a shared ownership plan set up by a not-for-profit organisation, Co-Ownership. The main aim for Co-Ownership is to offer support in getting you on the property ladder in Northern Ireland. The idea of the ownership plan is that you buy a share of the property that you can afford and Co-Ownership will cover the rest.

We have property experts across the country who can talk you through everything you need to know about taking the Rent to Own route.

Find your local branch

How it works

When you find the property you would like to purchase, with Co-Own you buy a share of the property depending on how much of a mortgage you can afford. This will be between 50% and 90% of the price. Co-Own will then buy the rest and over time you can increase your share of the property until you are the full owner. For the monthly payments, you will pay the usual mortgage payments as well as pay rent to Co-Ownership.

You can only purchase a property up to the value of £190,000 using the Co-Own shared ownership plan.

How to get started

If you would like to go down the Co-Own route, you will need to apply with Co-Ownership. There are two stages of the application; first you will be assessed of your financial position and eligibility for the plan, then there will be an assessment on the property.

Step by step of application

  1. Apply online for Co-Own with Co-Ownership.
  2. Get an Approval in Principle for the Co-Own shared ownership plan. This will only be valid for 3 months.
  3. Sit down with your mortgage adviser to see what sort of mortgage you can afford.
  4. Find a property that will be covered by your Approval in Principle and then upload to be assessed.
  5. Your potential home will be approved if meets all requirements.
  6. You’ll then receive a formal offer for Co-Ownership to purchase a share of the property.
  7. The solicitors will then need to get involved and complete the legal bits.
  8. You’re ready to move in!

What type of property can you get?

To be able to apply for Co-Own, the property must be:

  • A price of up to £190,000
  • In Northern Ireland
  • A new build or existing property
  • Covered with a 10-year structural warranty if a new build
  • The property must not be used to run a business
  • Minimum two bedroom property
  • In good condition

Next steps

If you believe you meet the criteria to apply for a Co-Own Shared Ownership Plan and would be interested to learn more, please get in touch with your local Reeds Rains Northern Ireland branch who will be happy to talk you through it.

Branches in Northern Ireland


350 Upper Newtownards Road, Ballyhackamore, Belfast, BT4 3EX
Branch details
02890 655555


18 Main Street, Bangor, BT20 5AG
Branch details
02891 463721

Belfast, Ormeau

240-242 Ormeau Road, Belfast, BT7 2FZ
Branch details
02890 680420


10 High Street, Carrickfergus, BT38 7AF
Branch details
02893 351727


8-8A Carnmoney Road, Glengormley, BT36 6HN
Branch details
02890 843427


14-16 Market Street, Lisburn, BT28 1AB
Branch details
02892 675321


2 Frances Street, Newtownards, BT23 4JA
Branch details
02891 814144