Northern Ireland Co-Ownership Housing Association

I & P   DOE (NI)  
Date No. Date No.
24/02/1978 IP 200 11/04/1978 R 33

Chief Executive
Mr Mark Graham

Mr Sid McDowell CBE 

Moneda House
25-27 Wellington Place
Tel: 028 9032 7276
Fax: 028 9033 0720

Northern Ireland Co-Ownership Housing Association performance information


    Co-Ownership was established to help meet housing needs through the promotion and development of equity sharing in the private housing sector achieved through Co-Ownership’s shared ownership plan.

    Co-Ownership’s Purpose

    "To deliver opportunities for people to access quality homes and guide them on their home journey.”

    Co-Ownership helps people to own their own homes through equity sharing, which means part-buying and part-renting the property of their choice. If a person would not normally be able to buy the home they need on a full mortgage, Co-Ownership enables them to buy as much as they can afford initially, with the option of buying the rest from Co-Ownership at any time.

    Co-Ownership rent is worked out on the value of the property and the size of the share the customer takes. The larger the share they take, the lower the rent. To start with the customer buys whatever share of the property they choose depending on how much of the mortgage they can afford, this will be between 50 per cent and 90 per cent of the purchase price. Co-Ownership will buy the remaining share and the customer pays a rent to them on the remaining part of the property. Over time the customer can increase their share until it is owned outright in slices of 5 per cent or higher percentage blocks, all at once, or not at all.

    Customers can choose a property up to £165,000 it can be anywhere in Northern Ireland and can be a new build or an existing property.  

    Further Information

    You should use the above information as a guide. All queries should be made to Co-Ownership during office hours on 028 9032 7276, or via their website.

    The Northern Ireland Co-Ownership Housing Association Limited (Co-Ownership) is registered as a housing association under the Housing (Northern Ireland) Order 1981 and also as a friendly society under the Industrial and Provident Societies Acts (Northern Ireland) 1969 and 1976.  Co-Ownership is regulated and partly funded by the Department for Communities.

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