£10k increase in property value limit to support more first-time-buyers across Northern Ireland
Northern Ireland’s regional shared ownership provider, Co-Ownership, has announced an increase in the Property Value Limit for its Co-Own and Rent to Own products from £165,000 to £175,000. The change, which has been approved by Department for Communities, will apply to applications submitted to Co-Ownership on or after 1 December 2021.
The increase is designed to support people across Northern Ireland as they seek to become homeowners, whilst responding to rising property prices.
Communities Minister, Deirdre Hargey, comments: “This decision is to support prospective homeowners as they seek to secure a home in partnership with Co-Ownership. My housing reform is wide ranging and includes increasing affordable housing options for those who wish to own their own home. This move will increase the availability of the shared ownership option.”
Co-Ownership has been supporting people into home ownership in Northern
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