Co-Ownership

8 STEPS TO HOME OWNERSHIP
We’ll try and keep this simple! In a nutshell, we buy a home together: You buy the share of a house that you can afford and we buy the rest. You then pay the mortgage on your bit and pay us rent on our bit.
How does it work?
... 1. Apply 2. Get Approved 3. Your mortgage 4. Find a home 5. Get your home approved 6. The offer 7. The legal bit 8. Move in
For more information about Co-Own visit our website or PM the page.
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WHAT DOES TAMMY THINK? 👩👍🏡
Tammy recently got her keys to the new Co-Own home, she shares her experience of the Co-Own process.
"Easy to apply online, easy to upload all documents to the online application and quick processing of application! Made buying my first home an easy process!"
... If you want more information about Co-Own and how it can help you then P the page or visit our website.
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CHECK YOUR POST ✉️📨
In this quarter's rental statement we included a leaflet explaining how easy it is to increase your share with Co-Own or buy us out fully.
You can buy a bigger share of your home any time after you join Co-Ownership. You can do so in chunks of 5% of your home’s value right up to 100% full ownership.
... You can finance increasing your share either through increasing your mortgage or by using a lump sum. Your lender or mortgage adviser should be able to guide you as to how much you are able to increase your mortgage by.
For more information PM the page or visit our website http://bit.ly/2XT1A90
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Our office will be closed on Friday 12th July and Monday 15th July. We will reopen on Tuesday 16th July at 9am.

CHECK BEFORE YOU APPLY!
If you are thinking of applying to Co-Own, we recommend that you check your credit score before you apply.
Your credit score is a number that indicates your ability to pay back money that you borrow. It is used by banks and building societies when assessing whether to grant you a mortgage.

I'M A HOME OWNER!!!
Hearing from Barry, a recent Co-Own customer who got his keys to his new home last month has started the Friday feeling early in the office.
"I'm a house owner!!!! Without the co-ownership scheme I would not have been able to purchase the home of my dreams. Brilliant scheme that is set up to actually help property buyers."
... If you want to see if Co-Own can help you become a homeowner like Barry then visit our website or PM us for more information.
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RENT TO OWN CRITERIA
So you have heard about Rent to Own, the alternative way to getting your foot on the property ladder. A list of the key criteria is as follows;
✅You must be over 18... ✅You do not currently own any property or land in Northern Ireland or elsewhere ✅You have had no Payday Loans or Home Credit within the last 6 months ✅Any Debt Relief Orders, bankruptcies or Individual Voluntary Arrangements that you had have must have been satisfactorily completed at least 3 years before applying ✅You have no outstanding adverse credit at the time of making a Rent to Own application e.g. CCJ’s, Defaults. ✅You can afford to pay the £2,500 down payment plus a tenancy deposit which will be equivalent to the first months rent.
For the full list of criteria click the link or for more information PM the page.
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RENTERS...HAVE YOU HEARD ABOUT RENT TO OWN?
Rent to Own is our alternative route to home ownership. Many people aspire to home ownership but believe they can’t due to obstacles like employment or credit issues.
Our aim is to get those who want to own their own home, but aren’t quite in the position to buy yet, on the first step of the property ladder. You choose to rent a new build house anywhere in Northern Ireland (up to the value of £165,000) for up to 3 years whilst takin...g steps to improve your mortgagability.
At the end of the tenancy, you can buy the property from us at its current market value. We’ll give you a 20% refund of the rent that you have paid which can be used as a deposit for your mortgage on the property
For more information PM the page or contact a member of our team on 028 9032 7276.
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THE RENTAL EXCHANGE
Did you know that we work with Experian to enhance your credit report by adding your rental payment data into the Rental Exchange.
Through the Rental Exchange, making your Co-Own / Rent to Own payments on time will show on your credit report and help to demonstrate to mortgage lenders your ability to pay a mortgage which could be helpful when you go to increase your share or buy your Rent to Own property.
... For more information about the Rental Exchange, Co-Own or Rent to Own PM the page or visit the website.
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I have had some debt problems in the past. Can I apply to Co-Own?
Yes you can. Before making an application to Co-Own, any of the following arrangements must have been settled for the stated period:
💷 Debt relief orders – 6 years... 💷 Bankruptcy – 6 years 💷 Individual Voluntary Arrangement – 6 years 💷 Payday Loans & Home Credit – 12 months
The following arrangements also need to have been settled and will be subject to your credit score:
💷 Debt Management Plans 💷 Money Judgements 💷 Defaults
Just remember that you can have no adverse credit at the time of making a Co-Own application.
For more information about Co-Own just PM the page.
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"It's been a long month, I'm glad it's nearly PAYDAY." 💷😀
Are you left wondering where your money goes? Do you know how much you spend a month on:
💷 the take away coffee coffee you get on your way to work?... 💷 the cheeky chippie you get when you don't have time to cook? 💷 online clothes shopping?
Download our handy budget planner to track where your spending your money.
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WHO IS RENT TO OWN FOR? 😀
Rent to Own may be the right option for you if you are currently employed and have a plan to own your home within 3 years. If you can pay your rent, but can’t currently get a mortgage or our Co-Own option due to employment or credit issues, then Rent to Own could be the answer.
The big difference between traditional renting and Rent to Own is that you choose a new build home and we buy it for you to rent from us. You then commit to a 3-year plan with... the aim to buy your home, either with a mortgage or with Co-Own.
Your 3-year tenancy gives you time to address any employment issues, save for a deposit, reduce your debt improving your eligibility for either a mortgage or Co-Own. You can buy your house at any time after the first year up to the end of the third year.
REAL LIFE STORIES: Mark and Pamela chose Rent to Own as both were on temporary teaching contracts which made it difficult for them to get a mortgage. Mark says, “At the time we were spending a lot of money renting that we were never going to get back, affordability isn’t a problem but the fact that you don’t have a permanent job is just going to count against you. Rent to Own has definitely helped us, it has helped us move forward.”
For more information 📩 PM the page 🖥 Visit our website ☎️ Call us on 028 9032 7276
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CALLING ALL CO-OWN CUSTOMERS. 🏠📞
Do you want to buy more of our home or buy us out completely but a little confused how to do it, or where to start?
Increasing your share or buying us out fully is easy and more importantly more AFFORDABLE than you may think all you need is a PLAN!
... You can buy a bigger share of your home any time after you join Co-Ownership. You can do so in chunks of 5% of your home’s value right up to 100% full ownership.
You can finance increasing your share either through increasing your mortgage or by using a lump sum. Your lender or mortgage adviser should be able to guide you as to how much you are able to increase your mortgage by.
How do I get started?
The first thing you should do is have a look at our Buying Out calculator on our website. This will give you an idea of how much it will cost to buy us out either all at once or in chunks of 5%.
For more information
📩 PM the page 🖥 Visit our website ☎️ Call us on 028 9032 7276
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CARRIE'S EXPERIENCE 😍😊
Some lovely comments from Carrie who recently bought her home using Co-Own.
"Brilliant option if you have to take a mortgage this way. Very helpful and quick to sort things out."
... Are you currently to figure out how you are going to be able to afford to buy your own home? Have you considered shared ownership.
Shared Ownership means we buy a place together. You buy the share that you can afford, between 50% and 90%, and we cover the rest.
When you’re able to, you can increase your share in your home bit-by-bit until you own it all.
Since Co-Ownership was founded in 1978, we’ve helped over 28,000 people buy their first home.
Want to know more, then
📩 PM the page 🖥 Visit our website ☎️ Call us on 028 9032 7276
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WHAT HAPPENS IF I WANT TO MAKE IMPROVEMENTS?
It is your home to put your own stamp on it. You only need to contact us if you are thinking of making a structural change such as building a garage or extension.
When you come to sell your property or want to buy further shares it is important that you tell us the improvements that you have made to your home. Unlike your local estate agent who will carry out a market valuation, we carry out an equity valuation. This means that we ...will exclude the value (equity) you have added to your home (through carrying out improvements) and value it to the same standard that you bought it, but at the current market value.
For more information on improvements please visit our website.
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Delighted to be included as Friends of Mela 2019

Looking forward to attending this event next Thursday. For more details contact the branch directly!