Blog » Property Ladder – How to buy your first home without a full deposit

Property Ladder – How to buy your first home without a full deposit

This September marks Co-Ownership Housing’s Shared Ownership Month – a month-long outreach campaign to communicate the organisation’s rich history and help prospective homeowners in Northern Ireland get on the property ladder.

Throughout the organisation’s almost 40-year history, it has successfully supported over 26,000 households in buying the home of their choice and funding is in place to support a further 900 prospective homeowners in Northern Ireland get on the property ladder by March 2018.  At present, over 8,000 homes across Northern Ireland are currently Co-Ownership homes.

As of April 2017, the cap on the value of the property you can purchase through Co-Ownership Housing has increased to £160,000 (this is up from £150,000) and in most cases no deposit is required. Co-Ownership offers lower monthly repayment costs compared to private renting or taking on a full mortgage with a down payment.

As part of the month-long campaign, Co-Ownership Housing will be hosting a series of drop-in sessions across Northern Ireland in Londonderry, Dungannon and Belfast.

There are three drop-in sessions taking place where advisors are available to help customers find out more about Co-Ownership and offer support during the application process.

The drop-in sessions are free to attend and no advance booking is required.

Sessions will be held in The Cohannon Inn, Dungannon on September 14; and at Co-Ownership Housing’s offices at Murray House, Murray St, Belfast on September 21. All drop-in sessions take place from 5-7pm.